Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Invesco Advisers, Inc. 2. Issuer Name and Ticker or Trading Symbol Invesco Commercial Real Estate Finance Trust, Inc. [N/A] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1331 SPRING STREET NW, SUITE 2500, 3. Date of Earliest Transaction (Month/Day/Year) 11/01/2024 (Street) ATLANTA, GA 30309 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class E Common Stock, $0.01 par value 11/01/2024 A 18,003(1) A $25.3325 35,937 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)	6. Date Exercisable and Expiration Date (Month/Day/Year)	7. Title and Amount of Underlying Securities (Instr. 3 and 4)	8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
Invesco Advisers, Inc. 1331 SPRING STREET NW, SUITE 2500 ATLANTA, GA 30309	X
Invesco Group Services, Inc. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
OppenheimerFunds, Inc. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
OPPENHEIMER ACQUISITION CORP 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
IVZ Inc 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
INVESCO HOLDING CO LTD 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
Invesco Ltd. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X

Signatures

/s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited	11/05/2024
**Signature of Reporting Person	Date
/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.	11/05/2024
**Signature of Reporting Person	Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This Form 4 reports the acquisition by Invesco Advisers, Inc. 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.

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