Vehicles managed by Benefit Street Partners, in partnership with Aker Companies, have purchased 55 Riverwalk, a 348-unit, 47,680 SF mixed-use multifamily and retail property located in West New York, NJ, for $158.5MM. The equity will be used to acquire the property, pay closing costs, fund hard and soft costs, and pay for a capital reserve.

BSP provided a $5MM fixed-rate CMBS loan on a 100% leased, 62K SF neighborhood shopping center located in Altoona, PA. Loan proceeds along with Sponsor equity will be used to acquire the property and pay closing costs

BSP provided a $70MM fixed-rate CMBS loan on a 427K SF mixed-use portfolio located in Owings Mills, MD. Loan proceeds will be used to refinance the existing debt, pay closing costs, and cover a cash out.

BSP provided a $38MM floating-rate loan on a 350-unit garden-style multifamily property located in Greenville, SC. Loan proceeds will be used to retire the existing debt, fund a future capex reserve, and pay closing costs.

BSP provided a $129.75MM financing package (senior and mezzanine loans) secured by a high-rise mixed-use development totaling approximately 620,000 sf across 312 multifamily units and approximately 370,000 sf of commercial space located in Westchester County, NY. Loan proceeds along with Sponsor equity were used to retire the existing debt, fund tenant improvements, leasing commissions, interest and operating shortfalls, and pay closing costs.

BSP provided a $23.0MM floating-rate loan on two adjacent industrial buildings totaling approximately 995,000 sf located in Memphis, TN. Loan proceeds along with Sponsor equity were used to retire the existing debt, fund future tenant improvements and leasing commissions, and pay closing costs.

BSP provided a $50MM floating-rate loan on two student/multifamily properties totaling 346 units located in Gainesville, FL. Loan proceeds will be used to retire the existing debt, purchase an interest rate cap, and pay closing costs.

BSP provided a $18.1MM floating-rate loan on a 208-unit garden-style multifamily property located in Charlotte, NC. The loan together with Sponsor equity will be used to acquire the property and fund capital improvements.

BSP provided a $34MM floating-rate loan on a 37-unit luxury condominium development located in Hampton Bays, NY. The loan will be used to pay off existing debt, fund an interest reserve, pay carry costs, fund a capex reserve and pay closing costs.

BSP provided a $84.5MM floating-rate loan collateralized by 44-units of a 186-unit high rise condominium property located in New York, NY. Loan proceeds will be used to pay off existing debt, fund a shortfall reserve and pay closing costs.

BSP provided a $33.6MM floating-rate loan on a 260-unit, mid-rise multifamily property located in San Antonio, TX. Loan proceeds along with Sponsor equity will be used acquire the Property, fund a shortfall reserve, and pay closing costs.

BSP provided a $59MM floating-rate loan on a 618-unit garden-style multifamily property located in Doraville, GA. Loan proceeds along with Sponsor equity will be used to facilitate the acquisition of the Property, cover closing costs, cover a rate cap, and fund a capital improvement plan.