-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 MlCUCFkdtxqa8E0SVLeOXImmZ4+12mOZOEmb0QSCdpJwTXD73vbt8uWD2P1DKZ18
 EJ0zdNzQ5/wGEWsZljW06Q==

<SEC-DOCUMENT>0001209191-10-014383.txt : 20100304
<SEC-HEADER>0001209191-10-014383.hdr.sgml : 20100304
<ACCEPTANCE-DATETIME>20100304125704
ACCESSION NUMBER:		0001209191-10-014383
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100303
FILED AS OF DATE:		20100304
DATE AS OF CHANGE:		20100304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FARNESI FRANK
		CENTRAL INDEX KEY:			0001219205

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14760
		FILM NUMBER:		10656380

	MAIL ADDRESS:	
		STREET 1:		6 WOODFORD LANE
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAIT Financial Trust
		CENTRAL INDEX KEY:			0001045425
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232919819
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1818 MARKET
		STREET 2:		28TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2158617900

	MAIL ADDRESS:	
		STREET 1:		1818 MARKET
		STREET 2:		28TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RAIT INVESTMENT TRUST
		DATE OF NAME CHANGE:	20010227

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE ASSET INVESTMENT TRUST
		DATE OF NAME CHANGE:	19970904
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-03-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001045425</issuerCik>
        <issuerName>RAIT Financial Trust</issuerName>
        <issuerTradingSymbol>RAS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001219205</rptOwnerCik>
            <rptOwnerName>FARNESI FRANK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O RAIT FINANCIAL TRUST</rptOwnerStreet1>
            <rptOwnerStreet2>CIRA CENTRE, 2929 ARCH ST., 17TH FL.</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19104</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Trustee</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares of Beneficial Interest</value>
            </securityTitle>
            <transactionDate>
                <value>2010-03-03</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>19100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.5495</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>83989</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person as of March 3, 2010.</footnote>
        <footnote id="F2">The price reported in Column 4 is a weighted average price.  These shares were purchased in multiple transactions on the transaction date at prices ranging from $1.50 to $1.60, inclusive.  The reporting person undertakes to provide to RAIT Financial Trust (&quot;RAIT&quot;), any security holder of RAIT or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Anders F. Laren, attorney-in-fact</signatureName>
        <signatureDate>2010-03-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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