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Stock impact report

Benefit Street Partners L.L.C. Announces Closing of a $135 Million Loan Package on The Empire Hotel

Franklin BSP Realty Trust, Inc. (FBRT) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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.BSP allocated the loans across its commercial real estate platform, including a portion to Franklin BSP Realty Trust, Inc. (NYSE: FBRT).Michael Comparato, Head of Commercial Real Estate for BSP, commented: “The Empire Hotel represents a strategic addition to our commercial real estate portfolio, showcasing the flexibility and value that our platform delivers to borrowers. We look forward to capitalizing on additional unique opportunities within the real estate market throughout 2025.”Further commenting, Brian Buffone, Head of Real Estat Show less Read more
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