Real Estate Transactions

BSP provided a $23MM floating-rate loan on a 120-bed skilled nursing facility located in Sarasota, Florida. Loan proceeds will be used to acquire the property, fund an immediate repairs reserve, and pay loan closing costs.

BSP provided a $103MM floating-rate loan on three multifamily properties, totaling 864 units located in Austin, TX and San Antonio, TX. Loan proceeds will be used to pay off an existing debt, cover closing costs, fund a shortfall reserve, and return equity to the borrower.

BSP provided a $58.4MM floating-rate loan on a 360-unit, mid-rise multifamily property located in Jacksonville, FL. Loan proceeds will be used to payoff the existing debt and cover closing costs.

BSP provided a $65.75MM floating-rate loan on a 197-unit multifamily property located in Bayonne, NJ. Loan proceeds will be used to pay off an existing construction debt, cover closing costs, fund a shortfall reserve, and return equity to the borrower.

BSP provided a $42.5MM floating-rate bridge loan on a 351-unit garden-style multifamily property located in Katy, TX. Loan proceeds along with borrower equity will be used to purchase the property and pay closing costs.

BSP provided a $39.35MM floating-rate bridge loan on a 248-unit garden-style multifamily property located in Oxford, FL. Loan proceeds along will be used to retire an existing construction loan, fund an interest reserve, purchase an interest rate cap, and pay closing costs.

BSP provided a $34.6MM floating-rate loan on a 187-unit multifamily property located in Arlington, VA. Loan proceeds along with sponsor equity will be used to acquire the property and pay closing costs.

BSP provided a $65MM floating-rate loan on a 277-unit multifamily property located in Atlanta, GA. Loan proceeds will be used to pay off existing senior debt, cover loan closing costs, and fund upfront real estate tax and insurance reserves.

BSP provided a $61MM floating-rate loan on a 607K SF retail portfolio located in MI, FL and AL. Loan proceeds will be used to pay off an existing debt, fund an immediate repair escrow and a tenant improvement holdback, and pay closing costs.

BSP provided a $75MM floating-rate loan on a 430-unit garden-style multifamily property located in Valley City, UT. Loan proceeds will be used to refinance an existing debt, pay closing costs, and return equity to the borrower.

BSP provided a $49.5MM floating-rate loan on a 452-unit, garden-style multifamily property located in Antioch, TN. Loan proceeds along with borrower equity will be used to retire an existing debt and cover closing costs.

BSP provided a $50.6MM floating-rate loan on a 589K SF industrial property located in Fort Worth, TX. Loan proceeds were used to acquire the property and pay closing costs.