Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a Southwest Industrial Portfolio
Summary
FBRTs loan has a two-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. Cushman & Wakefield represented the borrower on the transaction.Michael Comparato, President of FBRT, commented: Fundrise has been a leader in industrial acquisitions over the last 18 months and we are excited to add them as a new client of the firm. So far in 2024, we have been actively originating across all of our product lines and remain focused on providing our middle market clients with creative and flexible financing solutions. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of FBRT. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.Our forward-looking statements are subject to various risks and uncertainties, including but not limited to the risks and important factors contained and identified in FBRTs filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and its subsequent filings with the SEC, any of which could cause actual results to differ materially from the forward-looking statements.