---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-046876"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:35:42.448697+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FBRT recovers full loan principal and ~$20M extra from Williamsburg Hotel sale for $96M

## Summary
- Sale of Williamsburg Hotel closed at $96M (cash + new debt) via bankruptcy court trustee.
- Company recovered full principal amount of its loan (carrying cost as of Dec 31, 2022).
- Additional proceeds of ~$20M after closing expenses; may pursue further remedies under loan docs.
- Hotel was sold after multi-month marketing process under Chapter 11 plan.

## SEC filing metadata
- accession: 0001104659-23-046876
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465923046876/0001104659-23-046876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465923046876/tm2313063d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-046876
- JSON: https://secwatch.observer/filing/0001104659-23-046876.json
- Plain text: https://secwatch.observer/filing/0001104659-23-046876.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.