---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-100408"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:23:14.846519+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Realty Trust closes $1.076B CRE securitization, issues $947M notes

## Summary
- Subsidiary BSPRT 2025-FL12 Issuer issued nine classes of floating-rate notes, led by $608M Class A at SOFR+1.386%.
- Note classes range from Class A (senior) to Class H and $64.6M Class J income notes; all mature April 2043.
- Net proceeds primarily to repay credit facilities, fund future loans, and for general corporate purposes.
- Portfolio comprises eight commercial/multifamily loans and 36 senior participations totaling ~$947M secured by the notes.
- Weighted average life of offered notes ranges from 3.32 years (Class A) to 4.82 years (Class E); first interest payment Nov 17, 2025.

## SEC filing metadata
- accession: 0001104659-25-100408
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465925100408/0001104659-25-100408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465925100408/tm2528860d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-100408
- JSON: https://secwatch.observer/filing/0001104659-25-100408.json
- Plain text: https://secwatch.observer/filing/0001104659-25-100408.txt

## Key facts
- Debt Financings
  Franklin BSP Realty Trust, Inc. incurred senior notes of $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043, $150,690,000 Class A-S, $78,035,000 Class B, $60,545,0 with U.S. Bank Trust Company, National Association at 1.3860% plus 1 Month CME Term SOFR for Class A, 1.6480% plus 1 Month CME Term SO maturing April 17, 2043.
  - Instrument: senior notes
  - Principal: $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043, $150,690,000 Class A-S, $78,035,000 Class B, $60,545,0
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 1.3860% plus 1 Month CME Term SOFR for Class A, 1.6480% plus 1 Month CME Term SO
  - Maturity: April 17, 2043
  - Event: incurrence
  source text: general corporate purposes. The aggregate principal amounts of the following nine classes of Notes (each, a “Class”) were issued pursuant to the terms of the Indenture: (i) $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043 (the “Class A Notes”); (ii) $150,690,000 Class A-S Second Priority Secured Floating Rate Notes Due 2043 (the “Class A-S
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562528/000110465925100408/0001104659-25-100408-index.htm

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