Item 1.01 Entry into a Material Definitive Agreement.




On July 15, 2022, CMFT SCF Borrower, LLC (the "Borrower"), an indirect wholly
owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered
into a credit agreement (the "Credit Agreement") with the lenders from time to
time parties thereto (the "Lenders"), JPMorgan Chase Bank, N.A. (the "Bank"), as
administrative agent, letter of credit issuer and syndication agent, and PNC
Bank, N.A., as syndication agent, which provides for borrowings in the initial
amount of $300,000,000 (the "Credit Facility"), which will include a
$100,000,000 term loan facility (the "Term Loan") and the ability to borrow up
to $200,000,000 in revolving loans (the "Revolving Loans") under a revolving
credit facility (the "Revolving Facility") with a $30,000,000 letter of credit
subfacility. The Term Loan and the Revolving Facility both mature on July 15,
2025.

The Revolving Loans and Term Loans bear interest at rates depending upon the
type of loan specified by the Borrower, the interest period, and the Company's
adjusted leverage ratio. For alternate base rate ("ABR") loans, the interest
rate will be equal to the greater of: (a) JPMorgan Chase's prime rate (as
defined in the Credit Agreement), (b) the NYFRB Rate (as defined in the Credit
Agreement) plus 0.50%, and (c) the Adjusted Term SOFR Rate (as defined in the
Credit Agreement) plus 1.0% for the interest period plus the applicable rate.
For term benchmark ("Term Benchmark") loans and RFR loans, the interest rate is
based on the Adjusted Term SOFR Rate or Adjusted Daily Simple SOFR (as defined
in the Credit Agreement), respectively, for the applicable interest period plus
the applicable rate. The applicable rate is based upon the adjusted leverage
ratio, and for ABR Loans, ranges from 0.50% at an adjusted leverage ratio below
2.50:1.00 to 1.375% at an adjusted leverage ratio greater than 3.50:1.00. For
Term Benchmark loans and RFR loans, the applicable rate is 1.00% higher than for
ABR loans at each adjusted leverage ratio range. The Company will be required to
make periodic interest payments on the Revolving Loans and Term Loans, and the
outstanding principal and any accrued and unpaid interest is due on July 15,
2025.

In connection with the Credit Facility, certain subsidiaries of the Company,
including the Borrower, entered into a collateral assignment of equity interest
and security agreement, by which certain subsidiaries of the Company, including
the Borrower, pledged equity interests in certain property owning subsidiaries
as collateral to secure on a first priority basis the obligations under the
Credit Facility. The Company and certain subsidiaries of the Company also
entered into a guaranty with the Lenders (the "Guaranty"), under which the
Company and certain subsidiaries agreed to guarantee the Borrower's obligations
under the Credit Agreement.

The Company paid certain fees upon the closing of the Credit Facility, including
arrangement and up-front fees. The Company will also pay ongoing customary fees
including an annual administrative agent fee, as well as a fee for the undrawn
portion of the Revolving Facility. The Company must also pay certain fees upon
the issuance of each letter of credit under the Credit Agreement and a quarterly
fee based on the outstanding face amount of any letters of credit.

The Borrower has the right to prepay the outstanding amounts under the Credit
Facility, in whole or in part, without premium or penalty provided that (i)
prior written notice is received by the administrative agent; and (ii)
prepayments of any Revolving Loan shall be in a principal amount of $500,000 or
a whole multiple of $100,000 in excess thereof and any prepayment of Term Loans
shall be in a principal amount of $2,500,000 or a whole multiple of $1,000,000
in excess thereof or, in each case, if less, the entire principal amount then
outstanding. Any prepayment must include accrued interest on the amount prepaid
plus any breakage amount.

The Credit Agreement contains customary representations, warranties, borrowing
conditions and affirmative, negative and financial covenants, including minimum
tangible net worth, debt service coverage and leverage ratio requirements and
maximum variable rate and recourse debt requirements. The Credit Agreement also
includes usual and customary events of default and remedies for facilities of
this nature.

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

Item 1.02 Termination of a Material Definitive Agreement




On July 15, 2022, and with proceeds from the closing of the Credit Facility, the
Company paid down the $212.5 million outstanding balance under its credit
agreement (the "CIM Income NAV Credit Agreement") with JPMorgan Chase Bank, N.A.
as administrative agent and the other lenders party thereto, and terminated the
CIM Income NAV Credit Agreement. The CIM Income NAV Credit Agreement provided
for borrowings of up to $425 million, including a $212.5 million term loan and
up to $212.5 million in unsecured revolving loans, and was set to mature on
September 6, 2022.

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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.




                 Item 9.01   Financial Statements and Exhibits.


(d) Exhibits

Exhibit No.              Description
              10.1         C    redit Agreement     Dated as of July 15, 2022,     among     CMFT SCF
                         Borrower, LLC,     as the Borrower,     JPM    organ     C    hase     Bank    ,
                         N.A.,     as     Administrative Agent, L/C Issuer and Syndication Agent     and
                           the lenders party hereto     and     PNC B    ank    , N    .    A    .    ,
                             as Syndication Agent    .
              10.2         Continuing Guaranty, dated as of July 15, 2022,

by CMFT SCF Borrower, LLC



               104       Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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