---
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"
generated_at: "2026-05-17T05:43:09.416052+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Real Estate Debt enters master repurchase agreement with Lucid Prime Fund

## Summary
- 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.

## SEC filing metadata
- accession: 0002035428-25-000028
- form_type: 8-K
- cik: 0002035428
- company_name: Franklin BSP Real Estate Debt, Inc.
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002035428-25-000028
- JSON: https://secwatch.observer/filing/0002035428-25-000028.json
- Plain text: https://secwatch.observer/filing/0002035428-25-000028.txt

## Key facts
- Debt Financings
  Franklin BSP Real Estate Debt, Inc. incurred debt with Lucid Prime Fund LLC.
  - Counterparty: Lucid Prime Fund LLC
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2035428/000203542825000028/0002035428-25-000028-index.htm

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