TPG RE Finance Trust closes $1.1 billion commercial real estate CLO

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TPG RE Finance Trust, Inc. Closes $1.1 Billion Commercial Real Estate CLO

November 17, 2025 4:10 PM EST

NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) announced today that it closed TRTX 2025-FL7, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO). The Company placed approximately $957.0 million of investment grade securities with institutional investors providing term financing on a non-mark-to-market, non-recourse basis. TRTX 2025-FL7 includes a 30-month reinvestment period, an advance rate of 87.0%, and a weighted average interest rate at issuance of Term SOFR plus 1.67%, before transaction costs. In connection with TRTX 2025-FL7, the Company intends to redeem on November 18, 2025 TRTX 2021-FL4, a CRE CLO with... More