Benefit Street Partners L.L.C. Announces Closing of a $135 Million Loan Package on The Empire Hotel
Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of a $120 million senior loan and a $15 million mezzanine loan, together aggregating a $135 million loan package, facilitating the refinancing of the Empire Hotel. The Empire Hotel is a 427-key hotel located in the Upper West Side neighborhood of Manhattan, NY. The property was built in 1901 and underwent a comprehensive renovation in 2013.
Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2024 results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Friday, February 14, 2025, at 9:00 a.m. ET.
Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2025, to common stockholders of record as of December 31, 2024. The Board of Directors also declared a fourth quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Results
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2024.
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Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET.
Franklin BSP Realty Trust, Inc. Announces Closing of a $1.024 Billion CRE CLO
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) today announced the closing of BSPRT 2024-FL11 (“FL11”), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction costs.
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
Benefit Street Partners L.L.C. Announces Closing of Three Senior Loans Aggregating $265 Million on a Multifamily Portfolio
Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of three floating-rate, cross-collateralized senior loans aggregating $265 million on a multifamily portfolio. The portfolio comprises 1,262 units of class A multifamily product across three properties located in Saint John’s County, Florida. Electra Capital Advisors, LLC provided three co-terminus mezzanine loans aggregating $60 million. The loan’s sponsor, Gatlin Development, is a repeat borrower of BSP. BSP was the original construction lender for all three assets, which were completed in 2023 and 2024.
Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Results
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended June 30, 2024.
Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its second quarter 2024 results on Wednesday, July 31, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, August 1, 2024, at 9:00 a.m. ET.
Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a second quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2024 to common stockholders of record as of June 28, 2024. The Board of Directors also declared a second quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a 414-Unit Multifamily Property
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a 2023 vintage, 414-unit multifamily property with 18,000 square feet of ground floor retail centrally located in downtown Stamford, CT. Inclusive of this loan, FBRT has committed to $408 million of loan originations to date in the second quarter and $999 million year-to-date.
Franklin BSP Realty Trust, Inc. Announces First Quarter 2024 Results
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2024.
Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a Southwest Industrial Portfolio
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a four-property industrial portfolio located across the Southwestern United States. Inclusive of this loan, FBRT has committed to $716 million of loan originations year-to-date and has a robust forward pipeline.
Franklin BSP Realty Trust, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its first quarter 2024 results on Monday, April 29, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, April 30, 2024, at 9:00 a.m. ET.
Benefit Street Partners L.L.C. Announces Closing of $120 Million Loan on a Texas Office Portfolio
Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio. Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
Franklin BSP Realty Trust, Inc. Announces First Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a first quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about April 10, 2024 to common stockholders of record as of March 29, 2024. The Board of Directors also declared a first quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
Franklin BSP Realty Trust, Inc. Announces Fourth Quarter and Full Year 2023 Results
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter and full year ended December 31, 2023.
Franklin BSP Realty Trust, Inc. Schedules Fourth Quarter 2023 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its fourth quarter 2023 results on Wednesday, February 14, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, February 15, 2024, at 9:00 a.m. ET.
Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2023 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2023 dividend of $0.355 per common share. The dividend is payable on or about January 10, 2024, to common stockholders of record as of December 29, 2023. The Board of Directors also declared a fourth quarter 2023 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount.
Franklin BSP Realty Trust, Inc. to Participate in Raymond James’ Non-Bank Lenders Symposium
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) announced today that it will participate in the Raymond James Non-Bank Lenders Symposium on Thursday, January 4, 2024. FBRT will host one-on-one meetings and Michael Comparato, President of FBRT, will be a panelist on the Commercial Real Estate MREIT panel at 12:30 P.M. Eastern Time.
Franklin BSP Realty Trust, Inc. Announces Third Quarter 2023 Results
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended September 30, 2023.
Franklin BSP Realty Trust, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced that it will release its third quarter 2023 results on Monday, October 30, 2023, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, October 31, 2023, at 9:00 a.m. ET.
Franklin BSP Realty Trust, Inc. Announces Closing of Approximately $900 Million CLO
Franklin BSP Realty Trust, Inc. (
NYSEFBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2023-FL10, an approximately $900 million managed Commercial Real Estate Collateralized Loan Obligation (“FL10 CRE CLO”). This was FBRT’s tenth CLO completed since June 2017. The FL10 CRE CLO features an 18-month reinvestment period with an initial advance rate of 85.5% and a weighted average interest rate of Term SOFR+275% before accounting for discount and transaction costs.
