Business ExpansionFranklin BSP Realty Trust, Inc. is adding a new business line that positions FBRT to be a leading multi-channel CMREIT.
Loan OriginationOriginations accelerated 16.1% sequentially to $441M, which speaks to the strength of the company's underwriting capabilities and management's overall confidence in the outlook for its portfolio.
Portfolio PerformanceLimited realized losses and relative CECL stability despite foreclosures, asset sales, and watchlist migrations highlight the principal protection provided by FBRT's multifamily focus.