Real Estate Transactions

Benefit Street Partners provided a $17.5MM floating-rate bridge loan on a 108-unit assisted living property located in Columbus, OH.  Loan proceeds will be used to acquire the property, fund capital improvements, fund a debt service reserve, and pay closing costs. 

Benefit Street Partners provided a $15.1MM floating-rate bridge loan on a 221-key, full-service hospitality property located in Indianapolis, IN. Loan proceeds along with borrower equity will be used to acquire the property, fund a shortfall reserve, fund a PIP reserve, and pay closing costs.

Benefit Street Partners provided a $45.5MM floating-rate bridge loan on a 158-unit student housing multifamily property located in Marietta, GA. Loan proceeds will be used to facilitate the recapitalization, fund reserves, and pay closing costs.

Benefit Street Partners provided a $26.5MM floating-rate loan on a 121-unit mixed-use multifamily property located in Lakeland, TN. Loan proceeds along with borrower equity will be used to pay off the existing construction debt, fund an allowance reserve and a shortfall reserve, and pay closing costs.

Benefit Street Partners provided a $32.4MM floating-rate loan on a 281-unit, mid-rise multifamily property located in Anna, TX. Loan proceeds will be used to retire the existing debt, fund a shortfall reserve and cover closing costs.

Benefit Street Partners provided a $120.2MM floating-rate loan on a 1,752K SF three-building, industrial property located in Forney, TX. Loan proceeds along with sponsor equity will be used to acquire the property and pay closing costs.

BSP provided a $66.625MM floating-rate loan on an 839K SF industrial property located in Vacaville, CA. Loan proceeds will be used to retire the existing debt, fund tenant improvements and leasing commissions, and pay closing costs.

BSP provided an $85MM 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.

Vehicles managed by Benefit Street Partners purchased a 332-unit garden style multifamily and townhome property located in Owings Mills, MD. The equity will be used to acquire the property and fund interior and exterior renovations.

BSP provided a $61.9MM floating-rate loan in conjunction with a third-party 13MM fixed-rate mezzanine loan on two multifamily properties totaling 328 units located in Phoenix, AZ and Glendale, AZ.

BSP provided a $42MM floating-rate bridge loan on a 322-unit garden-style multifamily property located in Austin, TX. Loan proceeds along with borrower equity will be used to acquire the property, fund a shortfall reserve, and pay closing costs.

FBRT 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.