United States securities and exchange commission logo





                          July 29, 2021

       James Flynn
       Chief Executive Officer
       Lument Finance Trust, Inc.
       230 Park Avenue
       20th Floor
       New York, NY 10169

                                                        Re: Lument Finance
Trust, Inc.
                                                            Form S-3
                                                            Filed July 23, 2021
                                                            File No. 333-258134

       Dear Mr. Flynn:

              This is to advise you that we have not reviewed and will not
review your registration
       statement.

               Please refer to Rules 460 and 461 regarding requests for
acceleration. We remind you
       that the company and its management are responsible for the accuracy and
adequacy of their
       disclosures, notwithstanding any review, comments, action or absence of
action by the staff.

                                                        Please contact Stacie
Gorman at 202-551-3585 with any questions.




                          Sincerely,


                          Division of Corporation Finance

                          Office of Real Estate & Construction
       cc:                                              David S. Freed, Esq.