secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001717547-26-000018
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/0001717547-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000018/brsp-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001717547-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer