debt
confidence high
sentiment positive
materiality 0.80
Goldman Sachs Real Estate Finance Trust: $450M repurchase facility, advisory extension, $30M equity sale
Goldman Sachs Real Estate Finance Trust Inc
- Entered into Fourth Amended and Restated Advisory Agreement with Goldman Sachs & Co. LLC, effective June 10, 2025, extending term to June 10, 2026 with automatic renewals.
- REFT Mulberry Street LLC entered into a $450M Master Repurchase Agreement with Morgan Stanley Bank, N.A., maturing June 6, 2029, with a guaranty of up to 25% of outstanding obligations.
- Sold unregistered shares: 855,630 Class I common for $21.5M and 353,142 Class S common for $9.0M (total ~$30.4M) in private offering.
- Declared distributions for May 2025 of $0.19 per share ($0.1660 regular + $0.0240 special) payable June 10, 2025.
- Originated a $51.5M floating-rate first mortgage loan on a 199-key Phoenix hotel at SOFR + 3.55%, initial term 3 years.
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