FBRT Transactions

Franklin BSP Realty Trust contributed $8.4MM to a floating-rate loan on a 274-unit, garden-style multifamily property located in Katy, TX. Loan proceeds will be used to retire the existing debt, purchase a rate cap, and pay closing costs.

Franklin BSP Realty Trust contributed $15MM to a floating-rate loan on a 312-unit, mid-rise multifamily property located in Clayton, NC. Loan proceeds will be used to pay off an existing debt, cover closing costs, fund a shortfall reserve and return equity to the borrower.

Franklin BSP Realty Trust provided a $15.15MM fixed-rate loan on an 81-unit townhome-style multifamily property located in Colorado Springs, CO. Loan proceeds, along with borrower equity, were used to retire existing construction debt and pay closing costs.

Franklin BSP Realty Trust contributed $15MM to a floating-rate loan on a 419k sf industrial property located in Norton, MA. Loan proceeds along with sponsor equity were used to acquire the property, pay closing costs, and fund future capital improvements and leasing costs.

Franklin BSP Realty Trust provided an $84MM fixed-rate CMBS loan on a 245-unit multifamily property located in Haverstraw, NY. Loan proceeds will be used to retire the existing loan, pay loan closing costs and repatriate equity back to the Sponsor.

Franklin BSP Realty Trust provided a $35MM fixed-rate CMBS loan on a 293K SF life-style and retail property located in Bowie, Maryland. Loan proceeds along with Borrower equity will be used to fund the acquisition of the property, fund reserves and to cover closing costs.

Franklin BSP Realty Trust contributed $25MM to a floating-rate loan on a 1.3mm SF across an industrial portfolio located across Maryland, Virginia, and Baltimore. Loan proceeds along with borrower equity will be used to acquire the portfolio and pay closing costs.

Franklin BSP Realty Trust provided a $24.5MM fixed-rate CMBS loan on 436K SF, five-building industrial property located in Middletown, PA. Loan proceeds will be used to refinance existing debt, pay closing costs, and repatriate equity to the Sponsor.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on 240-unit, garden-style multifamily property located in Charlotte, NC. Loan proceeds along with borrower equity will be used to facilitate the acquisition of the property, cover closing costs, purchase a rate cap, and fund a capital improvement plan.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 178-unit, mid-rise multifamily community located in Raleigh, NC. Loan proceeds along with borrower equity will be used to retire the existing construction debt, purchase an interest rate cap, fund a shortfall reserve and pay closing costs.

Franklin BSP Realty Trust provided a $27.5MM fixed-rate CMBS loan on a 243-key, full-service hospitality property located in Ypsilanti, MI. Loan proceeds were used to pay off existing debt, complete a PIP payment, fund a seasonality reserve and a PIP Reserve.

Franklin BSP Realty Trust contributed $9.5MM to a floating-rate loan on six skilled nursing facilities located in MA. Loan proceeds will be used to purchase the property, pay closing cost, fund a shortfall reserve and fund an immediate repairs reserve.