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Franklin Bsp Realty Trust, Inc. Announces Closing Of $235.0 Million Loan On The Elser Hotel & Residences

PUBLIC · FBRTSep 23, 2022

Amount Raised

$235 Million

Round Type

Debt Financing

New YorkFinancial ServicesReal EstateTravel And Tourism

Description

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $235 million loan facilitating the refinancing of The Elser Hotel & Residences (“The Elser”), a 646-unit condominium hotel located in Downtown Miami, Florida. RMWC, a private debt fund, provided a co-terminus mezzanine loan for $25 million at closing. The Class A asset was developed by Property Markets Group (“PMG”)

Quick answer

Franklin BSP Realty Trust raised $235 Million in a Debt Financing round, dated September 23, 2022. Franklin BSP Realty Trust is based in New York, United States.

How much did Franklin BSP Realty Trust raise?
Franklin BSP Realty Trust raised $235 Million in a Debt Financing round on September 23, 2022.
What does Franklin BSP Realty Trust do?
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United..
Where is Franklin BSP Realty Trust based and how big is it?
Franklin BSP Realty Trust is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Real Estate around the same time

Companies in the same sectors as Franklin BSP Realty Trust that raised within 45 days of this round, from Fundz verified event records.

  • Fathom raised $46M on November 4, 2022.
  • SmallSmall raised $3M (Seed) on October 31, 2022.
  • Walker & Dunlop raised an undisclosed amount (Funding Round) on October 31, 2022.
  • Collective raised $11M (Funding Round) on October 25, 2022.
  • Blackstone raised $500M (Corporate Round) on October 13, 2022.
  • Wings Capital Partners raised an undisclosed amount (Funding Round) on October 11, 2022.

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Company Information

Company

Franklin BSP Realty Trust

Location

New York, United States

About

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of December 31, 2021, FBRT had over $9 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.fbrtreit.com.

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Franklin BSP Realty Trust raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.