FBRT Transactions

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.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 352K SF industrial property located in Apopka, FL. Loan proceeds along with Borrower equity will facilitate the acquisition of the property and cover closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 213-key, full-service hospitality property located in Orlando, FL. Loan proceeds will be used to refinance the existing loan and pay closing costs.

Franklin BSP Realty Trust contributed $11.5MM to a floating-rate loan on a 3-building, 229K SF industrial building property in Leander, TX. Loan proceeds will be used to retire an existing debt and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 265K SF industrial property located in San Marcos, TX. Loan proceeds along with Sponsor equity were used to acquire the property, pay closing costs, fund capital improvements, tenant improvements & leasing commissions, and interest & operating shortfalls.

Franklin BSP Realty Trust contributed $10MM to five independent living facilities totaling 701 units located in the Rochester, NY. Loan proceeds along with Borrower equity will be used to purchase the portfolio, fund an upfront immediate repair escrow and pay closing costs.

Franklin BSP Realty Trust contributed $7.8MM to a floating-rate loan on a 429K SF industrial property located in Palatine, IL. Loan proceeds along with Sponsor equity will be used to retire the existing debt, pay closing costs, capitalize future tenant improvements, leasing commissions, capital expenditures and interest & operating shortfalls.

Franklin BSP Realty Trust contributed $51.65MM to a floating-rate loan on a 170-unit mixed-use multifamily property located in Rego Park, NY. Loan proceeds will be used to pay off existing debt, fund a shortfall reserve, fund leasing commissions, and pay closing costs.

Franklin BSP Realty Trust provided an $8.4MM floating-rate loan on a 64-unit multifamily property located in Jacksonville, FL. Loan proceeds along with Borrower equity will be used to pay off the existing debt, fund a shortfall reserve, and pay closing costs.