Lument Finance Trust LFT Ypsilanti, MI — Commercial loans, specific allowance
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Where this comes from
Reported directly by Lument Finance Trust in its filing.
Tagged under the XBRL concept oaks:FinancingReceivableSpecificAllowance.
The source filing: Lument Finance Trust’s 10-Q, filed May 15, 2026.
- Filed
- May 15, 2026, 4:31 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001547546-26-000012
rated "5" due to maturity default; (2) identification of two loans collateralized by two multifamily properties in Arlington, TX ($3.6 million specific allowance; non-accrual cash basis) and Cedar Park, TX (no specific allowance; non-accrual cash basis) with an aggregate unpaid balance of $35.5 million as risk rated "5" due to maturity default and (4) identification of four loans collateralized by four multifamily properties in Des Moines, IA ($0.5 million specific allowance; non-accrual cash basis), Tampa, FL ($1.4 million specific allowance; non-accrual cash basis), Tallahassee, FL ($3.0 million specific allowance; non-accrual cash basis) and Ypsilanti, MI ($5.9 million specific allowance; non-accrual cash basis) with an aggregate principal balance of $56.9 million as risk rated "5" due to monetary default.
Item 1. Financial Statements
FAQ
- What is Lument Finance Trust's ypsilanti, MI — commercial loans, specific allowance?
- Lument Finance Trust (LFT) reported ypsilanti, MI — commercial loans, specific allowance of $5.9M in Q1 2026.
- What does ypsilanti, MI — commercial loans, specific allowance mean?
- This represents the specific valuation allowance or reserve set aside for potential credit losses on commercial real estate loans located in the Ypsilanti, MI market. It reflects management's assessment of credit risk and expected losses for specific assets within this geographic concentration.
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