FBRT Transactions

Franklin BSP Realty Trust provided a $20.9MM floating-rate loan on a 144-unit, garden-style multifamily property located in Chapel Hill, NC. Loan proceeds along with Borrower equity will be used to facilitate the acquisition of the property, cover closing costs, purchase a SOFR rate cap, and fund a capital improvement plan.

Franklin BSP Realty Trust contributed $10.2MM to a floating-rate loan on a 118-bed stabilized assisted living property located in the Bronx, NY. Loan proceeds will be used to refinance the existing debt, return equity to the sponsors and make improvements to the property.

Franklin BSP Realty Trust contributed $61.5MM to a floating-rate loan on three multifamily properties comprised of 733 units, located in Summerville, SC, Houston, TX, and Katy, TX. Loan proceeds will be used to retire an existing debt and pay closing costs.

Franklin BSP Realty Trust contributed $25.75MM to a floating-rate loan on a 408-unit, multifamily property located in Lilburn, GA. Loan proceeds will be used to pay off an existing debt, fund an interest rate cap and cover closing costs.

Franklin BSP Realty Trust contributed $7.4MM to a floating-rate loan on a 220-unit, mid-rise multifamily property located in Dallas, TX. Loan proceeds along with Borrower equity will be used to pay off existing debt, purchase a rate cap, and pay closing costs.

Franklin BSP Realty Trust contributed $14.2MM to a floating-rate loan on a 1.04 MM SF vacant warehouse/distribution facility located in Adairsville, GA. Loan proceeds along with Borrower Equity will be used to pay off an existing debt, fund a TI/LC reserve, fund a shortfall reserve and cover closing costs.

Franklin BSP Realty Trust contributed $10MM to a floating-rate loan on a to-be-completed, 29-story, mixed-use property consisting of 115 condominiums atop 87 apartments, associated amenities, and 8k SF of commercial space located in Jersey City, NJ. Loan proceeds will be used to pay off an existing debt, fund a construction costs, fund a shortfall reserve and cover closing costs.

Franklin BSP Realty Trust contributed $45.25MM to a floating-rate financing package (senior loan and mezzanine loan) on a 364-unit multifamily property located in Orlando, FL. Loan proceeds will be used to retire the existing loan, fund a shortfall reserve, and pay loan closing costs.

Franklin BSP Realty Trust contributed $125.5MM to a floating-rate financing package for the construction of Paramount Nashville, a to-be-completed 60-story, mixed-use tower consisting of 260 condominiums atop 240 apartments on a prime urban site in downtown Nashville, TN. Upon completion, Paramount Nashville will be the tallest building in Tennessee. The Project is adjacent to Nashville Yards – an 18-acre mixed-use development which effectively serves as the center and anchor of downtown Nashville’s commercial and entertainment district.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate on a 268-unit garden-style multifamily property located in Carrollton, TX. Loan proceeds along with borrower equity were used to acquire the property, and fund capital improvements.

Franklin BSP Realty Trust contributed $10MM to a floating-rate on a 360-unit multifamily property with 17K SF of ground floor retail located in Charlotte, NC. Loan proceeds were used to retire the existing construction debt and fund construction completion.

Franklin BSP Realty Trust contributed $30.25MM to a floating-rate loan on two, to-be-completed, garden-style multifamily residences comprised of 575 units located in Tomball, TX and Simpsonville, SC. Loan proceeds will be used to fund construction of the projects.