{"schema_version":"secwatch.filing_event.v1","accession":"0002035428-25-000028","form_type":"8-K","ticker":null,"cik":"0002035428","company_name":"Franklin BSP Real Estate Debt, Inc.","filed_at":"2025-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.884202+00:00","generated_at":"2026-05-17T05:43:09.416052+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Franklin BSP Real Estate Debt enters master repurchase agreement with Lucid Prime Fund","bullets":["Subsidiary FBRED REIT High Yield Securities, LLC entered MRA with Lucid Prime Fund LLC on Sept 19, 2025.","MRA has no maximum commitment and no initial maturity date disclosed.","Company guaranteed Seller's obligations under the MRA via a separate Guarantee Agreement.","Full agreement terms to be filed in the Form 10-Q for quarter ended Sept 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0002035428-25-000028","json":"https://secwatch.observer/filing/0002035428-25-000028.json","markdown":"https://secwatch.observer/filing/0002035428-25-000028.md","text":"https://secwatch.observer/filing/0002035428-25-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2035428/000203542825000028/0002035428-25-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2035428/000203542825000028/fbred-20250919.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:43:09.416052+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7122c7e006bf26669661c00c1932e246810a069f","claim":"Franklin BSP Real Estate Debt, Inc. incurred debt with Lucid Prime Fund LLC.","evidence_excerpt":"On September 19, 2025, Franklin BSP Real Estate Debt, Inc. (the “Company”), through its indirect wholly-owned subsidiary FBRED REIT High Yield Securities, LLC (“Seller”), entered into a Master Repurchase Agreement (the “MRA”) with Lucid Prime Fund LLC (“Lucid”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2035428/000203542825000028/0002035428-25-000028-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Counterparty","value":"Lucid Prime Fund LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}