Real Estate Transactions

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.

BSP provided a $45.4MM floating-rate loan on a 324-unit, garden-style multifamily property located in San Antonio, TX. Loan proceeds will be used to retire the existing construction debt, fund a shortfall reserve, and pay closing costs.

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.