Benefit Street Partners L.L.C. today announced the purchase of an approximately $391 million loan portfolio secured by eight, newer-vintage multifamily properties across multiple markets in the United States sponsored by institutional-quality borrowers and operators. BSP allocated the loans across its commercial real estate platform, including a portion to Franklin BSP Realty Trust, Inc. (NYSE: FBRT).
“This transaction represents one of the largest investments BSP CRE has executed to date,” said Michael Comparato, Head of Commercial Real Estate for BSP. “It is a large portfolio of high-quality multifamily loans backed by newer assets and institutional quality sponsors. Executing a transaction of this size and scale demonstrates our ability to underwrite and execute complex portfolio acquisitions while maintaining a disciplined credit approach.”
Brian Buffone, Head of Real Estate Operations for BSP, added, “We’ve witnessed significant spread tightening in the whole loan origination market since the summer of 2025. BSP is actively seeking investments in less competitive areas of the market, the whole loan secondary market being one of them. We hope this is the first of many loan acquisitions in 2026.”
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