<SEC-DOCUMENT>0000020430-25-000045.txt : 20251105
<SEC-HEADER>0000020430-25-000045.hdr.sgml : 20251105
<ACCEPTANCE-DATETIME>20251105130019
ACCESSION NUMBER:		0000020430-25-000045
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251103
FILED AS OF DATE:		20251105
DATE AS OF CHANGE:		20251105

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Invesco Advisers, Inc.
		CENTRAL INDEX KEY:			0000020430
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453048

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		3226410173

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

	FORMER NAME:	
		FORMER CONFORMED NAME:	Invesco Institutional (N.A.), Inc.
		DATE OF NAME CHANGE:	20080429

	FORMER NAME:	
		FORMER CONFORMED NAME:	INVESCO INSTITUTIONAL NA INC
		DATE OF NAME CHANGE:	20011108

	FORMER NAME:	
		FORMER CONFORMED NAME:	INVESCO INC
		DATE OF NAME CHANGE:	20000510

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OppenheimerFunds, Inc.
		CENTRAL INDEX KEY:			0000728889
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453053

	BUSINESS ADDRESS:	
		STREET 1:		225 LIBERTY STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1008
		BUSINESS PHONE:		212-323-0200

	MAIL ADDRESS:	
		STREET 1:		225 LIBERTY STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1008

	FORMER NAME:	
		FORMER CONFORMED NAME:	OPPENHEIMER FUNDS INC
		DATE OF NAME CHANGE:	20020227

	FORMER NAME:	
		FORMER CONFORMED NAME:	OPPENHEIMER MANAGEMENT CORP
		DATE OF NAME CHANGE:	19940131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER ACQUISITION CORP
		CENTRAL INDEX KEY:			0000869013
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453052

	BUSINESS ADDRESS:	
		STREET 1:		3410 SO GALENA ST
		CITY:			DENVER
		STATE:			CO
		ZIP:			80231
		BUSINESS PHONE:		3036713200

	MAIL ADDRESS:	
		STREET 1:		3410 SO GALENA ST
		CITY:			DENVER
		STATE:			CO
		ZIP:			80231

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Invesco Group Services, Inc.
		CENTRAL INDEX KEY:			0001993081
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453054

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING ST. NW SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		(404) 898-0771

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING ST. NW SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INVESCO HOLDING CO LTD
		CENTRAL INDEX KEY:			0001464185
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453050

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-892-0896

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			IVZ Inc
		CENTRAL INDEX KEY:			0001464186
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453051

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-892-0896

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Invesco Ltd.
		CENTRAL INDEX KEY:			0000914208
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56564
		FILM NUMBER:		251453049

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-892-0896

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NW
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

	FORMER NAME:	
		FORMER CONFORMED NAME:	Invesco Asset Management Deutschland GMBH
		DATE OF NAME CHANGE:	20211102

	FORMER NAME:	
		FORMER CONFORMED NAME:	Invesco Ltd.
		DATE OF NAME CHANGE:	20080520

	FORMER NAME:	
		FORMER CONFORMED NAME:	Invesco Ltd
		DATE OF NAME CHANGE:	20080508

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Commercial Real Estate Finance Trust, Inc.
		CENTRAL INDEX KEY:			0001976927
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				921080856
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2300 N FIELD STREET, SUITE 1200
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		972-715-7400

	MAIL ADDRESS:	
		STREET 1:		2300 N FIELD STREET, SUITE 1200
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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    <documentType>4</documentType>

    <periodOfReport>2025-11-03</periodOfReport>

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    <issuer>
        <issuerCik>0001976927</issuerCik>
        <issuerName>Invesco Commercial Real Estate Finance Trust, Inc.</issuerName>
        <issuerTradingSymbol>N/A</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000020430</rptOwnerCik>
            <rptOwnerName>Invesco Advisers, Inc.</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001993081</rptOwnerCik>
            <rptOwnerName>Invesco Group Services, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000728889</rptOwnerCik>
            <rptOwnerName>OppenheimerFunds, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000869013</rptOwnerCik>
            <rptOwnerName>OPPENHEIMER ACQUISITION CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
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            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001464186</rptOwnerCik>
            <rptOwnerName>IVZ Inc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001464185</rptOwnerCik>
            <rptOwnerName>INVESCO HOLDING CO LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
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            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000914208</rptOwnerCik>
            <rptOwnerName>Invesco Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NE, SUITE 2500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30309</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOther>0</isOther>
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    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class E Common Stock, $0.01 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2025-11-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>65555.083</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>25.66</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>288170.575</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents the acquisition by Invesco Advisers, Inc., which is a wholly owned indirect subsidiary of Invesco Ltd., the ultimate parent entity, of Class E Common Stock as payment of its management fee. The Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.</signatureName>
        <signatureDate>2025-11-05</signatureDate>
    </ownerSignature>
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