BSP provided a $34.1MM floating-rate loan on a 220-unit, mid-rise multifamily property located in Dallas, TX. Loan proceeds along with Borrower equity will be used to pay off existing debt, purchase a rate cap, and pay closing costs

BSP provided a $55MM fixed-rate loan on a 521-key, full-service hotel property located in Phoenix, AZ. Loan proceeds will be used to retire the existing debt, cover transaction costs, and return Equity to the Borrower.

BSP provided a $72.5mm floating-rate loan on a to-be-completed, 29-story, mixed-use property consisting of 115 condominiums atop 87 apartments, associated amenities, and 8k SF of commercial space located in Jersey City, NJ. Loan proceeds will be used to pay off an existing debt, fund a remaining construction costs reserve, fund a shortfall reserve and cover closing costs.

BSP provided a $141MM fixed-rate loan on a 312 multifamily unit high-rise mixed-use development totaling 620k sf located in White Plains, NY. Loan proceeds will be used to retire the existing loan, fund upfront leasing reserves, and pay closing costs.

BSP provided a $51.25mm floating-rate loan on a 296-unit multifamily property located in Colorado Springs, CO. Loan proceeds will be used to retire existing construction debt, fund a shortall reserve, and pay closing costs.

BSP provided a $25.5MM floating-rate loan on a retail pad totaling 26.9 acres, with a buildable area of 225k SF located in Middle River, MD. Loan proceeds along with Sponsor equity will be used to retire the existing debt, fund a closing draw for pad construction, fund on-site improvements, fund future interest and operating shortfalls and pay closing costs.

BSP provided a $38MM floating-rate loan on two industrial properties totaling 579K SF located in Covington, GA and Greer, SC. Loan proceeds along with additional equity will be used to acquire the building, fund a TI/LC reserve, fund a shortfall reserve and cover closing costs.

BSP provided a $58.5MM floating-rate loan in conjunction with a mezzanine loan from Siguler Guff, on a 404-unit mid-rise, multifamily property located in Houston, TX. Loan proceeds were used to refinance the transaction.

BSP provided a $11.684MM preferred equity commitment on a to-be-completed 234-unit multifamily property located in St. Augustine, FL. The preferred equity, together with the Borrower’s equity and loan proceeds, will be used to acquire the land, pay development fee, and fund soft and hard cost.

BSP provided a $13.1MM floating-rate loan on a 60-unit, build-to-rent multifamily property located in The Villages, FL. Loan proceeds will be used to pay off the existing debt, fund an upfront shortfall reserve, and pay closing costs.

BSP provided a $34MM floating-rate financing package (senior loan and mezzanine loan) on a 216-unit multifamily property located in Lacy Lakeview, TX. Loan proceeds along with sponsor equity will be used to pay off the existing debt, fund an interest reserve and pay closing costs.

BSP provided a $82MM floating-rate financing package (senior loan and mezzanine loan) on a 364-unit multifamily property located in Orlando, FL. Loan proceeds will be used to retire the existing loan, fund a shortfall reserve, and pay loan closing costs.