FBRT Transactions

Franklin BSP Realty Trust provided a $26MM fixed-rate CMBS loan on a 252-key, select-service hospitality property located in Chesapeake and Norfolk, VA. Loan proceeds will be used to refinance the existing debt, fund a PIP reserve, and cover closing costs.

Franklin BSP Realty Trust contributed $9.5MM to a floating-rate loan on a 232-unit garden-style multifamily property located in Greenville, SC. Loan proceeds will be used to pay off existing debt, fund a shortfall reserve, fund a Capex Reserve and pay closing costs.

Franklin BSP Realty Trust provided a $23MM floating-rate loan on a 397-unit, garden-style multifamily property located in Oklahoma City, OK. Loan proceeds along with Sponsor equity was used to the acquire the property, fund a shortfall reserve and pay closing cost.

Franklin BSP Realty Trust provided a $5.1MM fixed-rate CMBS loan on a 47-key, boutique, limited-service hospitality asset located in New York, NY. Loan proceeds will be used to pay off existing debt, fund an upfront capex reserve, fund upfront tax, insurance, and ground rent reserves and pay closing costs.

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.