<SEC-DOCUMENT>0000020430-25-000049.txt : 20251202
<SEC-HEADER>0000020430-25-000049.hdr.sgml : 20251202
<ACCEPTANCE-DATETIME>20251202133213
ACCESSION NUMBER:		0000020430-25-000049
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251128
FILED AS OF DATE:		20251202
DATE AS OF CHANGE:		20251202

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:		251542450

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

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NE
		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:		251542448

	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:		251542447

	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:		251542449

	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:		251542445

	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:		251542446

	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:		251542444

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

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET NE
		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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    <periodOfReport>2025-11-28</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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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
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            <rptOwnerZipCode>30309</rptOwnerZipCode>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001993081</rptOwnerCik>
            <rptOwnerName>Invesco Group Services, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NW, 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 NW, 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 NW, 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>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001464186</rptOwnerCik>
            <rptOwnerName>IVZ Inc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NW, 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>
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    </reportingOwner>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000914208</rptOwnerCik>
            <rptOwnerName>Invesco Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1331 SPRING STREET NW, 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>2025-11-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>18002.849</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>25.7236</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>270267.726</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents the repurchase of shares of Class E Common Stock held by Invesco Advisers, Inc., which is a wholly owned indirect subsidiary of Invesco Ltd., the ultimate parent entity. 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>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.</signatureName>
        <signatureDate>2025-12-02</signatureDate>
    </ownerSignature>
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