FBRT Transactions

Franklin BSP Realty Trust contributed $7.4MM to a floating-rate loan on a 220-unit, mid-rise multifamily property located in Dallas, TX. Loan proceeds along with Borrower equity will be used to pay off existing debt, purchase a rate cap, and pay closing costs.

Franklin BSP Realty Trust contributed $14.2MM to a floating-rate loan on a 1.04 MM SF vacant warehouse/distribution facility located in Adairsville, GA. Loan proceeds along with Borrower Equity will be used to pay off an existing debt, fund a TI/LC reserve, fund a shortfall reserve and cover closing costs.

Franklin BSP Realty Trust contributed $10MM to a floating-rate loan on a to-be-completed, 29-story, mixed-use property consisting of 115 condominiums atop 87 apartments, associated amenities, and 8k SF of commercial space located in Jersey City, NJ. Loan proceeds will be used to pay off an existing debt, fund a construction costs, fund a shortfall reserve and cover closing costs.

Franklin BSP Realty Trust contributed $45.25MM to a floating-rate financing package (senior loan and mezzanine loan) on a 364-unit multifamily property located in Orlando, FL. Loan proceeds will be used to retire the existing loan, fund a shortfall reserve, and pay loan closing costs.

Franklin BSP Realty Trust contributed $125.5MM to a floating-rate financing package for the construction of Paramount Nashville, a to-be-completed 60-story, mixed-use tower consisting of 260 condominiums atop 240 apartments on a prime urban site in downtown Nashville, TN. Upon completion, Paramount Nashville will be the tallest building in Tennessee. The Project is adjacent to Nashville Yards – an 18-acre mixed-use development which effectively serves as the center and anchor of downtown Nashville’s commercial and entertainment district.

Franklin BSP Realty Trust contributed $7.5MM to a floating-rate on a 268-unit garden-style multifamily property located in Carrollton, TX. Loan proceeds along with borrower equity were used to acquire the property, and fund capital improvements.

Franklin BSP Realty Trust contributed $10MM to a floating-rate on a 360-unit multifamily property with 17K SF of ground floor retail located in Charlotte, NC. Loan proceeds were used to retire the existing construction debt and fund construction completion.

Franklin BSP Realty Trust contributed $30.25MM to a floating-rate loan on two, to-be-completed, garden-style multifamily residences comprised of 575 units located in Tomball, TX and Simpsonville, SC. Loan proceeds will be used to fund construction of the projects.

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.