Franklin BSP Realty Trust closes $1.2bn CLO

Franklin BSP Realty Trust closed its eighth CLO, raising $1.2 billion for the structured credit offering that is centered on commercial real estate.

Managed by Benefit Street Partners, the Franklin BSP Realty Trust has over $3 billion in assets. The real estate investment trust originates, buys and manages a diversified portfolio of commercial real estate debt secured by properties in the U.S.

BSPRT 2022-FL8 features a two-year reinvestment period with an initial advance rate of 80% and a weighted average interest rate of Secure Overnight Finance Rate (SOFR) plus 1.72 . . .

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