Benefit Street Partners provided a $30.55MM floating-rate loan on a 249K SF newly constructed, two-building industrial property located in Ashland, VA. Loan proceeds will be used to pay off an existing debt, cover closing costs and fund a shortfall reserve.

Benefit Street Partners provided a $35.8MM floating-rate loan on a 276-unit, garden-style multifamily complex located in Houston, TX. Loan proceeds will be used to retire the existing construction debt, cover closing costs, and pay a tax bill.

Benefit Street Partners provided an $50MM floating-rate loan on a 419k sf industrial property located in Norton, MA. Loan proceeds along with sponsor equity were used to acquire the property, pay closing costs, and fund future capital improvements and leasing costs.

Benefit Street Partners provided a $223.5MM floating-rate loan on a mixed-use property consisting of 639 apartment units and ten commercial suites located in Fort Lauderdale, FL. Loan proceeds will be used to pay off the existing debt, fund a shortfall and a TILC reserve, and pay closing costs.

BSP provided an $84MM fixed-rate CMBS loan and Benefit Street Partners provided a $7MM coterminous fixed-rate Mezzanine Loan on a 245-unit multifamily property located in Haverstraw, NY. Loan proceeds will be used to retire the existing loan, pay loan closing costs and repatriate equity back to the Sponsor.

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.