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BrightSpire Capital Prices $675 Million Managed Commercial Real Estate Collateralized Loan Obligation
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BrightSpire Capital Prices $675 Million Managed Commercial Real Estate Collateralized Loan Obligation
Aug 9, 2024 7:09 AM

09:55 AM EDT, 08/09/2024 (MT Newswires) -- BrightSpire Capital ( BRSP ) said Friday it has priced a $675 million managed commercial real estate collateralized loan obligation.

BRSP 2024-FL2's structure features a two-year reinvestment period and available proceeds of about $85 million to be used within a ramp up period of six months from the closing of the transaction, which is expected to occur on Thursday, the company said.

BrightSpire Capital ( BRSP ) also said it will redeem its CLNC 2019-FL1 securitization on Aug. 19.

Price: 5.24, Change: -0.05, Percent Change: -0.95

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