other_material
confidence high
sentiment neutral
materiality 0.55
GSREF Trust acquires $54.6M NJ industrial loan, originates $52.5M Phoenix multifamily loan
Goldman Sachs Real Estate Finance Trust Inc
- Acquired floating-rate first mortgage loan on 12 flex-industrial buildings (803k sq ft) in NJ for $54.6M (commitment $74.3M).
- Loan terms: 3-year initial term, two 1-year extensions, interest at 1-month SOFR + 2.85%.
- Originated $52.5M floating-rate first mortgage loan on 360-unit multifamily property in Phoenix, AZ.
- Phoenix loan: 2-year initial term, three 1-year extensions, interest at 1-month SOFR + 2.55%.
- NJ loan acquired from affiliate Goldman Sachs Bank USA; conflicts safeguards described.
item 1.01item 8.01