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 "markdown": "Liquidity Overview\n\n\nCMTG\nCLAROS\nMORTGAGE\nTRUST\n\n\n- \u25cf At quarter-end, total liquidity of $132 million; **at May 5, 2026, total liquidity of $116 million.**<sup>7</sup>\n- During the quarter, net financings outstanding decreased by $489 million, including $142 million of deleveraging payments (of\nwhich $56 million related to the refinancing of our secured term loan).\n\n\n<figure type=\"CHART\">\n\n<description>A stacked bar chart titled 'Total Available Liquidity' (in millions of dollars) displaying liquidity over three dates: 12/31/25, 3/31/26, and 5/5/26. The chart uses two categories: 'Cash and Cash Equivalents' (dark blue) and 'Approved and Undrawn Credit Capacity' (light blue). The y-axis ranges from $0 to $200 in increments of $20.</description><table><thead><tr><th>Date</th><th>Cash and Cash Equivalents</th><th>Approved and Undrawn Credit Capacity</th><th>Total</th></tr></thead><tbody><tr><td>12/31/25</td><td>$173</td><td>$12</td><td>$185</td></tr><tr><td>3/31/26</td><td>$117</td><td>$15</td><td>$132</td></tr><tr><td>5/5/26</td><td>$103</td><td>$13</td><td>$116</td></tr></tbody></table></figure>\n\nSee Endnotes in the Appendix.\n\n\nCLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n\n\nPAGE 9\n\n<!-- doc_id=parse-01m3d75r40b58yz1p5tzvw19r9 -->",
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