BSP provided a $35MM fixed-rate CMBS loan on a 293K SF life-style and retail property located in Bowie, Maryland. Loan proceeds along with Borrower equity will be used to fund the acquisition of the property, fund reserves and to cover closing costs.

BSP provided a $46.4MM floating-rate loan on six skilled nursing facilities located in MA. Loan proceeds will be used to purchase the property, pay closing cost, fund a shortfall reserve and fund an immediate repairs reserve. 

BSP provided a $53MM floating-rate loan on five independent living facilities totaling 701 units located in the Rochester, NY. Loan proceeds along with Borrower equity will be used to purchase the portfolio, fund an upfront immediate repair escrow and pay closing costs.

BSP provided a $44.15MM floating-rate loan on a 243-unit, garden-style multifamily property located in Arlington, TX. Loan proceeds will be used to retire an existing construction debt, repay a preferred equity, fund an interest rate reserve and pay closing costs.

BSP provided a $26.3MM floating-rate loan a 118-bed stabilized assisted living property located in the Bronx, NY. Loan proceeds will be used to refinance the existing debt, return equity to the sponsors and make improvements to the property.

BSP provided $11.75MM to a floating-rate loan on a 100-unit garden-style multifamily property located in Newark, DE. Loan proceeds will be used to retire an existing debt and pay closing costs.

BSP provided a $22.65MM floating-rate loan on a multifamily townhome property located in Bluffdale, UT. Loan proceeds along with borrower equity will be used to pay off existing debt and pay loan closing costs.

BSP provided a $45.4MM floating-rate loan on a 324-unit, garden-style multifamily property located in San Antonio, TX. Loan proceeds will be used to retire the existing construction debt, fund a shortfall reserve, and pay closing costs.

BSP provided a $34.2MM floating-rate loan on a 240-unit, garden-style multifamily property located in Charlotte, NC. Loan proceeds along with borrower equity will be used to facilitate the acquisition of the property, cover closing costs, purchase a rate cap, and fund a capital improvement plan.

BSP provided a $31.7MM floating-rate loan on a 352K SF industrial property located in Apopka, FL. Loan proceeds along with Borrower equity will facilitate the acquisition of the property and cover closing costs.

BSP provided a $13.7MM floating-rate loan on a 97-unit, garden-style multifamily property located in Raleigh, NC. Loan proceeds along with borrower equity will be used to facilitate the acquisition of the property, cover closing costs, purchase a rate cap, and fund a capital improvement plan.

BSP provided a $30.5MM floating-rate loan on a 178-unit, mid-rise multifamily community located in Raleigh, NC. Loan proceeds along with borrower equity will be used to retire the existing construction debt, purchase an interest rate cap, fund a shortfall reserve and pay closing costs.