BSP provided a $62.8MM floating-rate loan on a 45-unit, to-be-converted standard multifamily asset into a luxury residential condominium located in New York, NY. The loan along with Sponsor equity will be used to pay off the existing debt, pay hard and soft costs, fund an interest reserve and pay closing costs.

BSP provided a $48.75MM floating-rate bridge loan on a 212-key, select-service hospitality asset in Austin, TX. The loan, along with Sponsor equity, will be used to refinance the existing construction loan, fund an upfront reserve, and pay loan closing costs.

BSP provided an $18.7MM financing package that consisted of a $16.83MM floating-rate senior loan and a $1.87MM floating-rate mezzanine loan on a newly constructed, 62-unit, Class-A multifamily property located in Los Angeles, CA. Proceeds from the loan will be used to retire the existing loan, fund a shortfall reserve, pay for construction completion, fund a bridge to stabilization and pay loan closing costs.

BSP provided a $17MM fixed-rate loan on a 279-room, full-service hospitality asset located in Dallas, TX. Loan proceeds along with Sponsor equity were used to acquire the property and pay closing costs.

BSP provided a $15.5MM floating-rate loan on a 907 unit, 81K square foot self-storage complex located in Delray Beach, FL. The loan was used to acquire the Property, fund a shortfall reserve, and pay closing costs

Franklin BSP Realty Trust provided a $12.75MM fixed-rate CMBS loan on a 200-pad leasehold, manufactured housing community located in Anaheim, CA. The loan together with sponsor equity were used to pay off existing debt, fund a ground rent reserve, fund escrows and pay closing costs.

BSP provided a $83.0MM financing that consisted of a $77.75MM floating-rate senior loan and a $5.25MM floating-rate mezzanine loan on a 245-unit multifamily property located in Rockland County, NY. Proceeds from the loan were used to retire the existing construction loan, fund a construction completion reserve and an upfront shortfall reserve, pay loan closing costs, and repatriate equity.

BSP provided a $18.5MM fixed-rate CMBS loan on a 236-room, dual-branded select & full-service hospitality asset located in Amarillo, TX. Loan proceeds were used to pay off the existing debt and pay closing costs.

BSP provided a $16.1MM financing that consisted of a $13.9MM floating-rate senior loan and a $2.2MM mezzanine loan on a three-building, 94k sf industrial property located in Riverside, CA. The financing along with borrower equity were used to acquire the property, pay closing costs, fund a shortfall reserve, and provide a future funding facility to complete the borrower’s business plan.

BSP provided a $59MM floating-rate acquisition loan on 390-unit, 2020-vintage, mid-rise apartment community located in Carrollton, TX. The loan will fund the acquisition of the Property, pay closing costs, pay for an interest rate cap, fund an interest reserve, and fund a capital expenditures plan.

BSP provided a $51.9MM floating-rate loan on a five-property hospitality portfolio located across the country. Proceeds from the loan along with sponsor equity were used to retire the existing debt, fund an upfront shortfall reserve, and pay loan closing costs.

BSP provided a $39MM floating-rate construction takeout and lease up loan on a 264-unit multifamily property located in Indianapolis, IN. The loan along with a loan from one of our mezzanine partners, was used to pay off the existing debt, fund an interest reserve, and pay closing costs.