FBRT Transactions

Franklin BSP Realty Trust contributed $7.5MM to two multifamily properties totaling 328 units located in Phoenix, AZ and Glendale, AZ. Loan proceeds will be used to retire the existing debt, pay loan closing costs, and fund a shortfall reserve.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 137-key full-service hospitality property located in West Hollywood. Loan proceeds will be used to repay an existing debt, fund a reserve for outstanding work, fund an interest reserve and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate loan on a 335-unit, mid-rise multifamily property located in Charlotte, NC. Loan proceeds will be used to pay-off an existing debt, fund a shortfall reserve, and cover closing costs.

Franklin BSP Realty Trust contributed $30.35MM to a floating-rate loan on a 320-unit garden-style multifamily property located in St. Augustine, FL. Loan proceeds along with borrower equity will be used to retire an existing debt, pay construction costs, fund an insurance reserve, pay closing costs, and fund a shortfall reserve.

Franklin BSP Realty Trust provided a $23MM fixed-rate CMBS loan on a 182-key hospitality property located in Grove City, OH. Loan proceeds were used to pay off an existing debt, pay closing costs, and return equity to the borrower.

Franklin BSP Realty Trust contributed $77.6MM to a floating-rate loan on a 974-unit multifamily portfolio comprising four properties located throughout FL. Loan proceeds will be used to retire an existing construction debt, fund a shortfall reserve, and pay closing costs.

Franklin BSP Realty Trust contributed $30.35MM to a floating-rate loan on a 300-unit garden-style multifamily property located in Port Saint Lucie, FL. Loan proceeds will be used to retire an existing construction debt and pay closing costs.

Franklin BSP Realty Trust contributed $7.5MM to a 216-unit multifamily property located in Beaufort, SC. Loan proceeds were used to retire the existing construction loan and pay loan closing costs.

Franklin BSP Realty Trust contributed $21.6MM to a 312-unit, garden-style multifamily property located in Mooresville, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $7.5MM to a 293-unit, garden-style multifamily property located in Greer, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $7.5MM to a 348-unit, garden-style multifamily property located in Charlotte, NC. Loan proceeds along with borrower equity will be used to retire an existing debt, cover closing costs, and fund a 1-year interest rate cap.

Franklin BSP Realty Trust contributed $19.7MM to a floating-rate loan on a 248-unit garden-style multifamily property located in Oxford, FL. Loan proceeds will be used to retire an existing construction loan, fund an interest reserve, purchase an interest rate cap, and pay closing costs.