Vehicles managed by BSP, in partnership with Palisade Group, have purchased a 544,705 SF industrial property consisting of five buildings located in Commerce, CA for $31.75MM.

BSP provided a $5.3MM fixed-rate CMBS loan on an 83-key select-service hospitality asset located in Marysville, OH. Loan proceeds along with sponsor equity were used to acquire the property, fund a property improvement plan and pay closing costs.

BSP provided a $29.15MM floating-rate loan on a 168-key select-service hospitality property located in Tampa, FL. Loan proceeds along with Sponsorship Equity will be used to pay off the existing debt, fund a shortfall reserve and pay closing costs.

BSP provided a $185MM floating-rate loan on a 640-unit, condominium project located in San Jose, CA. Loan proceeds along with Sponsor Equity will be used to acquire the existing debt, pay closing costs and fund completion and carry costs of the project.

BSP provided a $21MM floating-rate loan on a 246-unit multifamily property located in Houston, TX. Loan proceeds will be used to refinance the existing debt and pay closing costs.

BSP provided a $20.52MM floating-rate loan on a of 218-unit, garden-style multifamily property located in Corpus Christi, TX. Loan proceeds will be used to acquire the property, fund a future Capex, and pay closing costs.

BSP provided a $29.5MM floating-rate loan on a 223-key dual-branded hospitality property located in Columbia, SC. Loan proceeds along with Sponsorship equity will be used to refinance the existing acquisition loan, fund upfront reserves and pay closing costs.

BSP provided a $38MM floating-rate loan on two garden-style multifamily properties totaling 602-units located in Fort Worth, TX. Loan proceeds will be used to pay off the existing debt, fund an immediate repairs reserve, fund a shortfall reserve and pay closing costs.

BSP provided a $8MM fixed-rate CMBS loan on a 10-unit multifamily property located in Brooklyn, NY. Loan proceeds will be used to pay off the existing debt, pay closing costs, and pay an earnout to the Borrower.

BSP provided a $33MM floating-rate loan on a 267-unit multifamily property located in Crowley, TX. Loan proceeds along with Sponsor equity will be used to acquire the property, purchase an interest rate cap, and pay closing costs.

BSP provided a $140MM floating-rate loan (senior loan and mezzanine) on a portfolio of 13 cold-storage/warehouse properties and a retail center totaling approximately 1.2m square feet located across CA, TX, OR, IN, IL, and UT. Loan proceeds will be used to pay off the existing debt, return equity to the Sponsor, fund a Cap Ex reserve and pay closing costs.

BSP provided a $32MM fixed-rate loan on a 348-unit, garden-style apartment complex located in Corpus Christi, TX. Loan proceeds will be used to acquire the property, fund a future Capex, and pay closing costs.