FBRT Transactions

Franklin BSP Realty Trust provided a $6.75MM fixed-rate CMBS loan on an 84-key extended-stay hospitality property located in Houston, TX. Loan proceeds along with Sponsor equity will be used to acquire the property, fund a PIP reserve, and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 438k sf industrial property located in Chesapeake, VA. Loan proceeds will be used to retire the existing debt, fund future tenant improvements and leasing commissions and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 200-unit, garden-style multifamily property located in Charlotte, NC. Loan proceeds 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 provided a $5.3MM fixed-rate CMBS loan on an 83-key select-service hospitality asset located in Marysville, OH. Loan proceeds along with sponsor equity were used to acquire the property, fund a property improvement plan and pay closing costs.

Franklin BSP Realty Trust provided a $8MM fixed-rate CMBS loan on a 10-unit multifamily property located in Brooklyn, NY. Loan proceeds will be used to pay off the existing debt, pay closing costs, and pay an earnout to the Borrower.

Franklin BSP Realty Trust provided a $32MM fixed-rate loan on a 348-unit, garden-style apartment complex located in Corpus Christi, TX. Loan proceeds will be used to acquire the property, fund a future Capex, and pay closing costs.

Franklin BSP Realty Trust contributed $44.9MM to a floating-rate loan (senior loan + mezzanine loan) on a to-be-completed 158-unit luxury condominium located in Austin, TX. The loan together with Sponsor equity will be used to acquire the land, fund hard and soft costs, and pay closing costs.

Franklin BSP Realty Trust contributed $19.36MM to a floating-rate loan on a 299-unit, mid-rise multifamily property located in Nashville, TN. The Loan proceeds will be used to retire a construction loan, purchase a rate cap, and pay closing costs.

Franklin BSP Realty Trust provided a $56.5MM fixed-rate loan on a 376-unit, garden-style multifamily property located in Dallas, TX. The loan will be used to acquire the property and pay closing costs.

Franklin BSP Realty Trust provided a $15.6MM fixed-rate CMBS loan on a 132K SF, five-story Class A office building located in Cockeysville, MD. Loan proceeds were used to acquire the Property, fund escrows and reserves, and pay closing costs

Franklin BSP Realty Trust provided a $60MM floating-rate loan on a 455-unit, garden-style multifamily property located in Pflugerville, TX. Loan proceeds along with Sponsor equity will be used to acquire the property and pay closing costs.

Franklin BSP Realty Trust provided a $12.27MM fixed-rate CMBS loan on a 92% leased, 123K SF fitness-anchored retail center located in Phoenix, AZ. Loan proceeds along with Sponsor equity will be used to acquire the property, upfront TI/LC reserve and pay closing costs.