FBRT Transactions

Franklin BSP Realty Trust provided a $23MM fixed-rate CMBS loan on a 182-key hospitality property located in Grove City, OH. Loan proceeds were used to pay off an existing debt, pay closing costs, and return equity to the borrower.

Franklin BSP Realty Trust contributed $77.6MM to a floating-rate loan on a 974-unit multifamily portfolio comprising four properties located throughout FL. Loan proceeds will be used to retire an existing construction debt, fund a shortfall reserve, and pay closing costs.

Franklin BSP Realty Trust contributed $30.35MM to a floating-rate loan on a 300-unit garden-style multifamily property located in Port Saint Lucie, FL. Loan proceeds will be used to retire an existing construction debt and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a 216-unit multifamily property located in Beaufort, SC. Loan proceeds were used to retire the existing construction loan and pay loan closing costs.

Franklin BSP Realty Trust contributed $21.6MM to a 312-unit, garden-style multifamily property located in Mooresville, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $7.5MM to a 293-unit, garden-style multifamily property located in Greer, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $7.5MM to a 348-unit, garden-style multifamily property located in Charlotte, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $19.7MM to a floating-rate loan on a 248-unit garden-style multifamily property located in Oxford, FL. Loan proceeds will be used to retire an existing construction loan, fund an interest reserve, purchase an interest rate cap, and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 197-unit multifamily property located in Bayonne, NJ. Loan proceeds will be used to pay off an existing construction debt, cover closing costs, fund a shortfall reserve, and return equity to the borrower.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 360-unit, mid-rise multifamily property located in Jacksonville, FL. Loan proceeds will be used to payoff the existing debt and cover closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 351-unit garden-style multifamily property located in Katy, TX. Loan proceeds along with borrower equity will be used to purchase the property and pay closing costs.

Franklin BSP Realty Trust contributed $7.7MM to a floating-rate loan on three multifamily properties, totaling 864 units located in Austin, TX and San Antonio, TX. Loan proceeds will be used to pay off an existing debt, cover closing costs, fund a shortfall reserve, and return equity to the borrower.