BrightSpire Capital Announces Closing of $955 Million BRSP 2026-FL3 Commercial Real Estate CLO and the Redemption of BRSP 2021-FL1
BrightSpire Capital, Inc. Class A (BRSP)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced today that it closed BRSP 2026-FL3, a $955 million managed Commercial Real Estate Collateralized Loan Obligation (the “2026-FL3 CLO”) on February 17, 2026. The Company placed approximately $833.2 million of investment grade securities with institutional investors providing term financing on a non-mark-to-market, non-recourse basis. The 2026-FL3 CLO is collateralized by interests in 29 first-lien floating-rate mortgages secured by 30 properties, with an 87.25% initial advance rate at a weighted average coupon at issuance of Term SOFR+1.69%, before transaction costs.The asset collateral is located across 11 states and primarily consists of multifamily properties (95%) and mixed-use (5.0%). All loans were originated by subsidiaries of the Company. The structure features a thirty (30) month reinvestment period and available proceeds of approximately $98 million to be us
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BRSP
Earnings
- 2/17/26 - Beat
BRSP
Sec Filings
- 2/18/26 - Form 10-K
- 2/17/26 - Form 8-K
- 2/12/26 - Form 4
- BRSP's page on the SEC website