Item 1.01 Entry into a Material Definitive Agreement.




On February 10, 2023 (the "Closing Date"), CMFT CL Lending Sub AB, LLC (the
"Borrower"), an indirect wholly owned subsidiary of CIM Real Estate Finance
Trust, Inc. (the "Company"), entered into a revolving loan and security
agreement (the "Loan and Security Agreement") with each of the lenders from time
to time party hereto (the "Lenders"), Ally Bank (the "Bank"), as administrative
agent and arranger (the "Administrative Agent"), U.S. Bank Trust Company,
National Association, as the collateral custodian (the "Collateral Custodian"),
and U.S. Bank National Association as the document custodian (the "Document
Custodian"), which provides for borrowings in an aggregate principal amount up
to $300.0 million (the "Loan Facility"), which may be increased during the
revolving period (as defined below) to an aggregate principal amount up to
$500.0 million as agreed to by the Borrower, any applicable Lender and the
Administrative Agent.

Borrowings under the Loan and Security Agreement will bear interest equal to the
Secured Overnight Financing Rate ("SOFR") for the relevant interest period, plus
an applicable rate. The applicable rate is 2.875% per annum (and an additional
2.00% per annum following an event of default under the Loan and Security
Agreement). The revolving period begins on the Closing Date and concludes on the
day preceding the earlier to occur of (i) the scheduled revolving period end
date of February 10, 2026, (ii) the date of the declaration of the revolving
period end date upon the occurrence and continuation of an event of default, and
(iii) the termination date. The termination date is the earlier to occur of (i)
February 10, 2028 (two years after the revolving period end date) and (ii) the
date of the declaration of the termination date or the date of the automatic
occurrence of the termination date upon the occurrence and continuation of an
event of default. Interest is payable quarterly in arrears.

In connection with the Loan Facility, the Borrower entered into, among other
agreements: (i) the collateral management agreement, by and between the Borrower
and the Company, as collateral manager (the "Collateral Manager"); (ii) the
account control agreement, by and among the Borrower, the Bank, as secured
party, and the Document Custodian as securities intermediary; and (iii) the fee
letter (the "Fee Letter"), by and between the Borrower and the Bank.

Borrowings under the Loan and Security Agreement are secured by substantially
all of the assets held by the Borrower, which shall primarily consist of
corporate senior loans and liquid senior loans subject to certain eligibility
criteria under the Loan Facility, which are pledged to the Administrative Agent,
for the benefit of the secured parties under the Loan Facility. The Borrower has
made customary representations and warranties under the Loan and Security
Agreement and is required to comply with various covenants, reporting
requirements and other customary requirements for similar loan facilities.

As compensation for the services rendered by the Collateral Custodian and the
Administrative Agent, the Borrower will pay each of the Collateral Custodian and
the Administrative Agent, on a quarterly basis, customary fee amounts. The
Borrower will also pay the Administrative Agent certain customary fees on the
Closing Date pursuant to the Fee Letter and may from time to time pay the
Administrative Agent (on behalf of the Lenders) certain customary fees on unused
amounts in the Loan Facility and prepayments of the Loan Facility. The Borrower
will reimburse each of the Collateral Custodian, the Administrative Agent, the
Securities Intermediary, the Lenders and the Document Custodian for
administrative expenses incurred in connection with the Loan Facility.

The Company incurred certain customary costs and expenses in connection with the closing of the Loan Facility.



The Loan and Security Agreement includes usual and customary events of default
and remedies for facilities of this nature, including, without limitation, a
default if the Borrower, the Company or the collateral becomes subject to
regulation as an "investment company" under Section 8 of the Investment Company
Act of 1940, as amended.

The foregoing description of the Loan and Security Agreement does not purport to
be complete and is qualified in its entirety by the full text of the Loan and
Security Agreement, which is attached hereto as Exhibit 10.1 and is incorporated
herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


                  Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03 in its entirety.

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                 Item 9.01   Financial Statements and Exhibits.


(d) Exhibits

Exhibit No.              Description

              10.1         Loan and Secu    rity Agreement, dated Febr    uary     10    , 2023, by and
                             between CMFT CL Lending Sub AB, LLC, as

borrower, each of the lenders from


                         tim    e to time party hereto, Ally Bank, as

administrative agent and


                         arra    nger, U.S. Bank Trust Company, National

Association, as collateral


                         custodian, and U.S. Bank National Association, as

document


                         cus    todian.
               104       Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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