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.

BSP provided a $24.5MM fixed-rate CMBS loan on 436K SF, five-building industrial property located in Middletown, PA. Loan proceeds will be used to refinance existing debt, pay closing costs, and repatriate equity to the Sponsor.

BSP provided a $130MM floating-rate loan on a 1.3mm SF across an industrial portfolio located across Maryland, Virginia, and Baltimore. Loan proceeds along with borrower equity will be used to acquire the portfolio and pay closing costs.

BSP provided a $37.5MM floating-rate loan on a 213-key, full-service hospitality property located in Orlando, FL. Loan proceeds will be used to refinance the existing loan and pay closing costs.

BSP provided a $30.8MM floating-rate loan on a 3-building, 229K SF industrial building property in Leander, TX. Loan proceeds will be used to retire an existing debt and pay closing costs.

BSP provided a $27.5MM fixed-rate CMBS loan on a 243-key, full-service hospitality property located in Ypsilanti, MI. Loan proceeds were used to pay off existing debt, complete a PIP payment, fund a seasonality reserve and a PIP Reserve.

BSP provided a $79MM floating-rate condominium inventory loan (senior loan and mezzanine loan) on 163 unsold units in a luxury condominium property located in Austin, TX. Loan proceeds will be used to pay off an existing debt and fund carry costs.

BSP provided a $62MM floating-rate loan on a newly constructed, 308-unit multifamily property located in Las Vegas, NV. Loan proceeds along Borrower equity were used to acquire the property, fund an upfront shortfall reserve, fund a CapEx reserve, and pay closing costs.

BSP provided a $25.6MM floating-rate loan on a 265K SF industrial property located in San Marcos, TX. Loan proceeds along with Sponsor equity were used to acquire the property, pay closing costs, fund capital improvements, tenant improvements & leasing commissions, and interest & operating shortfalls.