EX-10.6





 Exhibit 10.6 

CLAROS MORTGAGE TRUST, INC. 

NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM 

Eligible Directors (as defined below) on the board of directors (the “Board”) of Claros Mortgage Trust, Inc. (the
“Company”) shall be eligible to receive cash and equity compensation as set forth in this Non-Employee Director Compensation Program (this “Program”). The cash
and equity compensation described in this Program shall be paid or be made, as applicable, automatically as set forth herein and without further action of the Board, to each member of the Board who is not an employee of the Company or any of its
parents, affiliates or subsidiaries, and who is determined by the Board to be eligible to receive compensation under this Program (each, an “Eligible Director”), who may be eligible to receive such cash or equity
compensation, unless such Eligible Director declines the receipt of such cash or equity compensation by written notice to the Company. 

This Program shall become effective upon the closing of the initial public offering of the Company’s common stock and shall remain in
effect until it is revised or rescinded by further action of the Board. This Program may be amended, modified or terminated by the Board at any time in its sole discretion. No Eligible Director shall have any rights hereunder, except with respect to
equity awards granted pursuant to Section 2 of this Program. 
 1. Cash Compensation. 

a. Annual Retainers. Each Eligible Director shall be eligible to receive an annual cash retainer of $80,000 for service
on the Board. 
 b. Additional Annual Retainers. An Eligible Director shall be eligible to receive the following
additional annual retainers, as applicable: 
 (i) Lead Independent Director. An Eligible Director serving as Lead
Independent Director of the Board shall be eligible to receive an additional annual retainer of $25,000 for such service. 

(ii) Audit Committee. An Eligible Director serving as Chairperson of the Audit Committee shall be eligible to receive an
additional annual retainer of $20,000 for such service. An Eligible Director serving as a member of the Audit Committee (other than the Chairperson) shall be eligible to receive an additional annual retainer of $10,000 for such service. 

(iii) Compensation Committee. An Eligible Director serving as Chairperson of the Compensation Committee shall be
eligible to receive an additional annual retainer of $15,000 for such service. An Eligible Director serving as a member of the Compensation Committee (other than the Chairperson) shall be eligible to receive an additional annual retainer of $5,000
for such service. 
 (iv) Nominating and Corporate Governance Committee. An Eligible Director serving as Chairperson
of the Nominating and Corporate Governance Committee shall be eligible to receive an additional annual retainer of $10,000 for such service. An Eligible Director serving as a member of the Nominating and Corporate Governance Committee (other than
the Chairperson) shall be eligible to receive an additional annual retainer of $5,000 for such service. 
 c. Payment of
Retainers. The annual cash retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company 

  
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in arrears not later than 30 days following the end of each calendar quarter. In the event an Eligible Director does not serve as a director, or in the applicable positions described in
Section 1(b), for an entire calendar quarter, the retainer paid to such Eligible Director shall be prorated for the portion of such calendar quarter actually served as a director, or in such position, as applicable. 

2. Equity Compensation. 

a. General. Eligible Directors shall be granted the equity awards described below. The awards described below shall be
granted under and shall be subject to the terms and provisions of the Company’s 2016 Incentive Award Plan or any other applicable Company equity incentive plan then-maintained by the Company (such plan, as may be amended from time to time, the
“Equity Plan”) and may be granted subject to the execution and delivery of award agreements, including attached exhibits, in substantially the forms approved by the Board prior to or in connection with such grants. All
applicable terms of the Equity Plan apply to this Program as if fully set forth herein, and all grants of equity awards hereby are subject in all respects to the terms of the Equity Plan. Capitalized terms not otherwise defined herein shall have the
meanings ascribed to them in the Equity Plan. 
 b. Annual Awards. An Eligible Director who is serving on the Board as
of the date of the annual meeting of the Company’s stockholders (beginning with such meeting in calendar year 2022, the “Annual Meeting”) shall be granted a Restricted Stock Unit award with a value of $100,000 (the
“Annual Award”). The number of Restricted Stock Units subject to an Annual Award will be determined by dividing $100,000 by the closing price for the Company’s common stock on the applicable grant date. Each Annual Award
shall vest in full on the earlier to occur of (x) the one-year anniversary of the applicable grant date and (y) the date of the next Annual Meeting following the grant date, subject to continued
service through the applicable vesting date. 
 c. Accelerated Vesting Events. Notwithstanding the foregoing, an
Eligible Director’s Director Award(s) shall vest in full immediately prior to the occurrence of a Change in Control, to the extent outstanding at such time. 

3. Compensation Limits. Notwithstanding anything to the contrary in this Program, all compensation payable under this Program will be
subject to any Individual Award Limits (as defined in the Equity Plan), as in effect from time to time. 
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