BSP’s Commercial Real Estate debt strategies focus on lending to U.S. middle-market properties, with an emphasis on multifamily and other income-producing assets. We typically target loan sizes in the $25–100 million range, where competition is more limited and lender terms can be more favorable. The platform offers a range of structures to meet borrower needs while maintaining disciplined underwriting standards, conservative loan-to-value ratios, and covenant protections. Direct origination and long-standing relationships with sponsors and brokers support repeat business and access to a steady pipeline of opportunities. For clients, the combination of middle-market focus, emphasis on multifamily lending, and rigorous credit process is intended to deliver consistent, income-oriented returns with real-asset backing and controlled risk.