BSP provided a $84.5MM floating-rate loan collateralized by 44-units of a 186-unit high rise condominium property located in New York, NY. Loan proceeds will be used to pay off existing debt, fund a shortfall reserve and pay closing costs.

BSP provided a $33.6MM floating-rate loan on a 260-unit, mid-rise multifamily property located in San Antonio, TX. Loan proceeds along with Sponsor equity will be used acquire the Property, fund a shortfall reserve, and pay closing costs.

BSP provided a $59MM floating-rate loan on a 618-unit garden-style multifamily property located in Doraville, GA. Loan proceeds along with Sponsor equity will be used to facilitate the acquisition of the Property, cover closing costs, cover a rate cap, and fund a capital improvement plan.

BSP provided a $53.4MM floating-rate loan on a 390-key full-service hospitality asset located in Orlando, FL. The loan proceeds will be used to pay off existing debt, fund a brand conversion PIP, and pay closing costs.

BSP provided a $101.2MM floating rate lease up loan on newly built adjacent multifamily assets totaling 579 units in Kennesaw, GA. Proceeds from the loan will be used to retire the existing debt, pay off the existing mezz balance, cover fees, purchase a rate cap, fund an interest reserve and pay closing costs.

BSP provided a $99.8M floating-rate loan on a newly constructed two-building, 1.6 million SF industrial park located in Wilmer, TX. Proceeds from the loan were used to retire the existing debt, future fund tenant improvements, leasing commissions, interest and operating shortfalls, and pay closing costs

BSP provided a $35.2MM floating-rate loan on a 288-unit multifamily property located in College Station, TX. Loan proceeds along with Sponsor equity will be used to acquire the property, fund Sponsor reserves and pay closing costs.

BSP provided a $44.3MM floating-rate loan on a 297-unit multifamily property located in Jacksonville, FL. The loan will be used to pay off the existing construction loan, fund an interest reserve, pay closing costs, and provide a cashout to the Borrower.

BSP provided a $16.64MM floating-rate loan on a 92-unit, garden style multifamily property located in Concord, NC. The loan will be used to acquire the property.

BSP provided a $50.8MM floating-rate loan on a 317-unit multifamily property located in Nashville, TN. The loan will be used to retire the existing debt and preferred equity.

BSP provided three floating rate senior loans aggregating $265MM on a three property, 1,262-unit, class A multifamily portfolio located in Saint John’s County, FL. The loan will recapitalize the existing BSP construction financing, return pledged equity to the sponsorship, and fund additional carrying costs to bridge the borrowers through stabilization of the assets.

BSP provided a $210.0MM financing package that consists of a $157.5MM floating-rate senior loan and a $57.5MM floating-rate mezzanine loan on a 282-unit, to-be-completed, luxury for-sale residential condominium complex located in Weehawken, NJ. Proceeds from the loan, along with sponsor equity, will be used to finance the construction of the project.