BSP provided a $59MM floating-rate acquisition loan on 390-unit, 2020-vintage, mid-rise apartment community located in Carrollton, TX. The loan will fund the acquisition of the Property, pay closing costs, pay for an interest rate cap, fund an interest reserve, and fund a capital expenditures plan.

BSP provided a $51.9MM floating-rate loan on a five-property hospitality portfolio located across the country. Proceeds from the loan along with sponsor equity were used to retire the existing debt, fund an upfront shortfall reserve, and pay loan closing costs.

BSP provided a $39MM floating-rate construction takeout and lease up loan on a 264-unit multifamily property located in Indianapolis, IN. The loan along with a loan from one of our mezzanine partners, was used to pay off the existing debt, fund an interest reserve, and pay closing costs.

BSP provided a $39.4MM floating-rate construction takeout and lease up loan on 242-unit multifamily property located in Pensacola, FL. The loan along with Borrower equity will be used to pay off the existing construction loan, pay off preferred equity, fund a rate cap, fund an interest reserve, and pay closing costs.

BSP provided a $30MM floating-rate loan on a recently renovated, 257-key hospitality property located in Eugene, OR. Proceeds from the loan will be used to retire the existing loan, fund a shortfall reserve, and pay loan closing costs.

BSP provided an $11MM fixed-rate CMBS loan on a 159-unit manufactured housing property located in San Jose, CA. The loan together with sponsor equity were used to pay off existing debt, fund a ground rent reserve, and pay closing costs.

BSP provided a $23.4MM floating-rate loan on an approximately 300,000 SF industrial complex located in Brevard County, FL. Proceeds from the loan, along with Sponsor equity, were used to acquire the property, fund a future capital expenditure plan, fund a shortfall reserve and pay closing costs.

BSP provided a $28.8MM floating-rate loan on a 310-room hospitality portfolio in various locations throughout NC. The loan along with Sponsor equity will be used to pay off the existing debt, fund the remainder of the Borrower’s capital expenditures plan, fund a shortfall reserve and pay closing costs.

BSP provided a $10.85MM fixed-rate loan on a full-service hotel located in Hammond, LA. Loan proceeds were used to pay off the existing debt, return equity to the Sponsor and pay closing costs.

BSP provided a $10.2MM floating-rate loan on a 104-unit, garden-style multifamily property located in Jacksonville, FL. The loan along with Sponsor equity will be used to acquire the Property, pay closing costs, cover a rate cap, and fund a capital improvement plan.

BSP provided a $22.9MM floating-rate loan on a 282-unit multifamily property located in Houston, TX. The loan will be used to acquire the Property, pay closing costs, and fund an interest rate cap.

BSP provided a $32.5MM fixed-rate CMBS loan on a 447-unit multifamily property located in Northridge, CA. The loan was used to pay off the existing debt, pay closing costs, and return capital to the Borrower.