FBRT Transactions

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 452-unit, garden-style multifamily property located in Antioch, TN. Loan proceeds along with borrower equity will be used to retire an existing debt and cover closing costs.

Franklin BSP Realty Trust provided an $18.75MM fixed-rate CMBS loan on two, 284-key limited-service hospitality properties located in Chesapeake and Williamsburg, VA. Loan proceeds will be used to refinance the existing debt, repatriate equity to the borrower, fund a PIP reserve, and cover closing costs.

Franklin BSP Realty Trust contributed $8.4MM to a fixed-rate loan on a 204-unit, garden-style multifamily property located in Port Arthur, TX. Loan proceeds will be used to pay off an existing construction debt, pay closing costs and repatriate equity to the sponsor.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 200-unit multifamily property located in Seattle, WA. Loan proceeds will be used to retire the existing debt, and complete a comprehensive transformation of the asset, which has converted from affordable housing to conventional housing.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on two multifamily properties totaling 586 units located in Fort Worth MSA, TX. Loan proceeds along with borrower equity will be used to acquire the properties, pay closing costs, and purchase an interest rate cap.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 339-unit, garden-style multifamily property located in Raleigh, NC. Loan proceeds will be used to retire the existing debt, fund a shortfall reserve, cover closing costs, and return equity to the borrower.

Franklin BSP Realty Trust contributed $27.6MM to a floating-rate loan on a mixed-use property consisting of 232 apartment units and 58K SF of retail space located in Morrisville, NC. Loan proceeds will be used to retire existing debt and fund ongoing capital projects at the property.

Franklin BSP Realty Trust contributed $32.7MM to a floating-rate loan on a 226-unit multifamily property located in Asbury Park, NJ. Loan proceeds will be used to pay off the existing debt, pay closing costs and fund a shortfall reserve.

Franklin BSP Realty Trust contributed $12.325MM to a floating rate construction-completion loan on a 192-unit, garden-style multifamily property located in Conyers, GA. Loan proceeds along with borrower equity will be used to retire the existing debt, fund a shortfall reserve, pay closing costs, and fund remaining construction costs.

Franklin BSP Realty Trust contributed $15.375MM to a floating-rate loan on a 200-unit, mid-rise multifamily property located in Flemington, NJ. Loan proceeds were used to retire existing debt, cover closing costs, and return equity to the borrower.

Franklin BSP Realty Trust contributed $24.9MM to a floating-rate loan on four skilled nursing facilities and two assisted living facilities with a combined total of 426 licensed beds located in Minnesota. Loan proceeds will be used to retire the existing debt, refinance a seller note and LOC, repay equity to the sponsor, fund an immediate repairs reserve and pay closing costs.

Franklin BSP Realty Trust provided a $24.75MM fixed-rate CMBS loan on a 272-unit multifamily property located in Arlington, TX. Loan proceeds along with borrower equity will be used to pay off the existing debt, pay closing costs, and fund a repairs reserve.