CMTG said it will use the net proceed from the IPO to originate, co-originate, and acquire senior and subordinate loans on transitional CRE properties, or for general corporate and working capital purposes.
The firm has applied to list its common stock on the New York Stock Exchange under the symbol CMTG.
Morgan Stanley and J.P. Morgan are acting as joint lead book-running managers for the offering. Goldman Sachs & Co. LLC, Deutsche Bank Securities, UBS Investment Bank, Wells Fargo Securities, JMP Securities and Keefe, Bruyette & Woods, A Stifel Company are also acting as joint book-running managers.