RAIT Financial Trust ("RAIT") announced the closing, on November 29, 2017, of its eighth non-recourse, floating-rate CMBS transaction, the underlying assets of which consist of twenty-one floating-rate commercial real estate first lien mortgage loans and two pari passu participation interests in floating-rate mortgage loans, all of which were originated by subsidiaries of RAIT. The transaction involved the sale by a RAIT subsidiary of non-recourse, investment grade notes totaling approximately $215.6 million with a weighted average cost of LIBOR plus 1.29%, which provides an advance rate to the RAIT subsidiary of approximately 83.0%. RAIT affiliates retained all of the below investment grade and un-rated subordinated interests totaling approximately $44.2 million. Barclays Capital Inc. acted as sole structuring agent. Barclays Capital Inc., Citigroup Global Markets Inc. and UBS Securities LLC acted as co-lead managers and joint bookrunners. The notes were offered inside the United States to (1) qualified institutional buyers within the meaning of Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and (2) to other institutional investors that are accredited investors within the meaning of rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act, and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.