FBRT Transactions

Franklin BSP Realty Trust contributed $15MM to a floating-rate loan on two multifamily properties comprising 314 units located in Houston, TX. The Loan proceeds, along with cash equity, will be used to pay off the current loan, cover closing costs, and purchase a rate cap.

Franklin BSP Realty Trust contributed $35.16MM to a floating-rate loan on a to-be-completed, 304-unit multifamily asset located in St. Augustine, FL. The loan together with Sponsor Equity will be used to acquire the land, fund construction costs, and fund reserves.

Franklin BSP Realty Trust contributed $22.18MM to a floating-rate loan on a 288-unit student-housing property located in San Marcos, TX. The Loan proceeds will be used to retire the existing debt, purchase an interest rate cap, pay closing cost, and repatriate equity to the Borrower.

Franklin BSP Realty Trust contributed $55.82MM to a 427-key hospitality property located in New York, NY. Loan proceeds will be used to retire the existing CMBS loan, fund reserves and cover closing costs.

Franklin BSP Realty Trust provided a $6.25MM fixed-rate CMBS loan on 125-unit, multifamily property located in Trotwood, OH. Loan proceeds will be used to pay off the existing debt, pay closing costs, fund a shortfall reserve and return equity to the Borrower.

Franklin BSP Realty Trust contributed $20.46MM to a floating-rate loan on a 240-unit, garden-style multifamily complex located in Greensboro, 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 $31MM fixed-rate loan on a 201-unit, garden-style multifamily property located in Mooresville, NC. Loan proceeds along with Sponsor equity was used to acquire the property, pay closing costs and pay for a future CapEx funded out of Equity.

Franklin BSP Realty Trust contributed $17.96MM to a floating-rate financing package (senior and mezzanine loans) secured by 500+ key hotel in Dallas, TX. Loan proceeds were used to retire the existing debt, fund capital improvements, other reserves, and pay closing costs.