---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-26-000018"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:54:33.649553+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BrightSpire Capital enters $250M repurchase facility with JPMorgan for CRE loans

## Summary
- Facility provides up to $250M to finance first mortgage loans, senior participations, and mezzanine loans secured by CRE.
- Advances indexed to 1-month Term SOFR plus spread; initial maturity March 12, 2029 with two one-year extension options.
- Guarantor must maintain: min liquidity $50M, tangible net worth $900M+, total debt ≤75% of assets, EBITDA/interest ≥1.40x.
- Guarantee provides partial recourse up to 25% of outstanding obligations.

## SEC filing metadata
- accession: 0001717547-26-000018
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/0001717547-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/brsp-20260312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-26-000018
- JSON: https://secwatch.observer/filing/0001717547-26-000018.json
- Plain text: https://secwatch.observer/filing/0001717547-26-000018.txt

## Source-grounded claims
- claim_id: 404467b39c263aabe7421bc1dc45777278962df6
  claim: BrightSpire Capital, Inc. incurred credit facility of up to $250.0 million with JPMorgan Chase Bank, National Association at term secured overnight financing rate with a tenor of one-month, plus a spread maturing March 12, 2029.
  evidence_excerpt: with JPMorgan Chase Bank, National Association (“JPM”). The Repurchase Agreement provides up to $250.0 million to finance first mortgage loans
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/0001717547-26-000018-index.htm
- claim_id: be99aa45fa69a6ca06b49cb5312b10bacdd37462
  claim: BrightSpire Capital, Inc. entered into Guarantee Agreement with JPMorgan Chase Bank, National Association valued at partial recourse guaranty up to 25% of total amount due (effective 2026-03-12).
  evidence_excerpt: BrightSpire Capital Operating Company, LLC (“Guarantor”) entered into a Guarantee Agreement with JPM (the “Guarantee”) on March 12, 2026, under which Guarantor agreed to a partial recourse guaranty of Seller’s payment and performance obligations under the Repurchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/0001717547-26-000018-index.htm
- claim_id: eece85471a0b0c3f100ad75bb6745ce44bdfac4f
  claim: BrightSpire Capital, Inc. entered into Master Repurchase Agreement with JPMorgan Chase Bank, National Association valued at $250,000,000 (effective 2026-03-12).
  evidence_excerpt: On March 12, 2026, BrightSpire Credit 9, LLC (“Seller”), an indirect subsidiary of BrightSpire Capital, Inc. (the “Company”), entered into a Master Repurchase Agreement (the “Repurchase Agreement”) with JPMorgan Chase Bank, National Association (“JPM”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/0001717547-26-000018-index.htm

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