0000000000-20-009509.txt : 20211202 0000000000-20-009509.hdr.sgml : 20211202 20201008145828 ACCESSION NUMBER: 0000000000-20-009509 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20201008 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Claros Mortgage Trust, Inc. CENTRAL INDEX KEY: 0001666291 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 474074900 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: C/O MACK REAL ESTATE GROUP STREET 2: 60 COLUMBUS CIRCLE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10023 BUSINESS PHONE: 212-484-0050 MAIL ADDRESS: STREET 1: C/O MACK REAL ESTATE GROUP STREET 2: 60 COLUMBUS CIRCLE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10023 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt United States securities and exchange commission logo October 8, 2020 Richard Mack Chief Executive Office Claros Mortgage Trust, Inc. c/o Mack Real Estate Credit Strategies, L.P. 60 Columbus Circle, 20th Floor New York, NY 10023 Re: Claros Mortgage Trust, Inc. Amendment No. 4 to Draft Registration Statement on Form S-11 Submitted September 18, 2020 CIK No. 0001666291 Dear Mr. Mack: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 4 to Draft Registration Statement on S-11 submitted September 18, 2020 Management's Discussion and Analysis Introduction, page 116 1. We note your disclosure in footnote 6 that underwritten values and projected costs are updated for certain loan modifications. Please clarify for us, and consider disclosing, whether the $1.7 billion in loan modifications entered into during the period ended July 31, 2020 resulted in an update to the related loan-to-value. Richard Mack Claros Mortgage Trust, Inc. October 8, 2020 Page 2 Asset Management, page 128 2. We note you have classified 12 loans as category "4" with a total unpaid principal balance of $1.3 billion and entered into loan modifications representing $1.7 billion of unpaid principal balance. Please tell us what consideration you have given to providing further disaggregated information for these loans including geographical location, industry, property type, maturity, loan-to-value and class. You may contact Babette Cooper at 202-551-3396 or Robert Telewicz at 202-551-3438 if you have questions regarding comments on the financial statements and related matters. Please contact Jonathan Burr at 202-551-5833 or James Lopez at 202-551-3536 with any other questions. FirstName LastNameRichard Mack Sincerely, Comapany NameClaros Mortgage Trust, Inc. Division of Corporation Finance October 8, 2020 Page 2 Office of Real Estate & Construction FirstName LastName