0001976927FALSE00019769272025-05-012025-05-01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2025
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Invesco Commercial Real Estate Finance Trust, Inc.
(Exact name of registrant as specified in its charter)
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| Maryland | | 000-56564 | | 92-1080856 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
2300 N Field Street
Suite 1200
Dallas, Texas 75201
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 715-7400
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
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| Title of Each Class | | Trading Symbol(s) | | Name of Each Exchange on Which Registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 3.02Unregistered Sales of Equity Securities.
On May 1, 2025, Invesco Commercial Real Estate Finance Trust, Inc. (the "Company") sold shares of common stock as follows:
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| Number of Shares Sold | Transaction Price Per Share | Upfront Selling Commissions | Aggregate Consideration |
Class S-1 Common Stock | 956,797 | $25.2052 | $111,411 | $24,227,672 |
Class I Common Stock | 433,721 | $25.1717 | $— | $10,917,500 |
| Class S Common Stock | 75,314 | $25.1082 | $28,820 | $1,919,820 |
| Class E Common Stock | 3,908 | $25.5898 | $— | $100,000 |
In addition, the Company issued 41,491 shares of Class E Common Stock to Invesco Advisers, Inc. ("IAI") as payment for its quarterly management fee under the Amended and Restated Advisory Agreement among the Company, Invesco Commercial Real Estate Finance Investments, LP, and IAI, of $1,061,741.
The transaction price per share of each class of common stock was equal to the net asset value per share of each such class of common stock as of March 31, 2025. The purchase price per share of each class of common stock was equal to the transaction price per share of each such class of common stock plus any upfront selling commissions.
The offer and sale of these shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) thereunder as they did not involve any public offering.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Invesco Commercial Real Estate Finance Trust, Inc. |
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| By: | /s/ Courtney Popelka |
| | Courtney Popelka |
| | Chief Financial Officer |
Date: May 7, 2025