BSP provided a $39.4MM floating-rate construction takeout and lease up loan on 242-unit multifamily property located in Pensacola, FL. The loan along with Borrower equity will be used to pay off the existing construction loan, pay off preferred equity, fund a rate cap, fund an interest reserve, and pay closing costs.

BSP provided a $30MM floating-rate loan on a recently renovated, 257-key hospitality property located in Eugene, OR. Proceeds from the loan will be used to retire the existing loan, fund a shortfall reserve, and pay loan closing costs.

BSP provided an $11MM fixed-rate CMBS loan on a 159-unit manufactured housing property located in San Jose, CA. The loan together with sponsor equity were used to pay off existing debt, fund a ground rent reserve, and pay closing costs.

BSP provided a $23.4MM floating-rate loan on an approximately 300,000 SF industrial complex located in Brevard County, FL. Proceeds from the loan, along with Sponsor equity, were used to acquire the property, fund a future capital expenditure plan, fund a shortfall reserve and pay closing costs.

BSP provided a $28.8MM floating-rate loan on a 310-room hospitality portfolio in various locations throughout NC. The loan along with Sponsor equity will be used to pay off the existing debt, fund the remainder of the Borrower’s capital expenditures plan, fund a shortfall reserve and pay closing costs.

BSP provided a $10.85MM fixed-rate loan on a full-service hotel located in Hammond, LA. Loan proceeds were used to pay off the existing debt, return equity to the Sponsor and pay closing costs.

BSP provided a $10.2MM floating-rate loan on a 104-unit, garden-style multifamily property located in Jacksonville, FL. The loan along with Sponsor equity will be used to acquire the Property, pay closing costs, cover a rate cap, and fund a capital improvement plan.

BSP provided a $22.9MM floating-rate loan on a 282-unit multifamily property located in Houston, TX. The loan will be used to acquire the Property, pay closing costs, and fund an interest rate cap.

BSP provided a $32.5MM fixed-rate CMBS loan on a 447-unit multifamily property located in Northridge, CA. The loan was used to pay off the existing debt, pay closing costs, and return capital to the Borrower.

BSP provided a $44MM floating-rate loan on a 161-unit multifamily property with 5,600 SF of retail space located in Duarte, CA. The loan was used to repay the construction loan and cover closing costs.

BSP provided a $49.95MM floating-rate loan on a recently renovated and re-branded hotel located in Orlando, FL. The loan was used to retire the existing loan, fund reserves, pay closing costs, and repatriate equity to the Borrower.

BSP provided a $125MM floating-rate loan on a 414-unit multifamily property with ground-floor retail located in Stamford, CT. The loan was used to retire the existing debt, pay closing costs, and return cash to the Borrower.