<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019db68a-dc19-7e57-9e98-8b703a3ea16b,g:75b76432-c90f-4946-b899-d922dc7e2573-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.fbrtreit.com/role/Cover" xlink:type="simple" xlink:href="fbred-20260501.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.fbrtreit.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_019db68a-dc19-761e-a6d8-b0ebc5be8e20" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_DocumentType_019db68a-dc19-761e-a6d8-b0ebc5be8e20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_019db68a-dc19-7f83-a18a-f0e3cde86315" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_DocumentPeriodEndDate_019db68a-dc19-7f83-a18a-f0e3cde86315" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_019db68a-dc19-72f5-bb31-582a30e27435" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityRegistrantName_019db68a-dc19-72f5-bb31-582a30e27435" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_019db68a-dc19-7450-990d-99c9b2c6f15c" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityIncorporationStateCountryCode_019db68a-dc19-7450-990d-99c9b2c6f15c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_019db68a-dc19-726d-8468-7acde1e02bd6" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityFileNumber_019db68a-dc19-726d-8468-7acde1e02bd6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_019db68a-dc19-7d9a-a92c-cb78aec4462e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityTaxIdentificationNumber_019db68a-dc19-7d9a-a92c-cb78aec4462e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_019db68a-dc19-7628-af98-ae624701d3c5" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityAddressAddressLine1_019db68a-dc19-7628-af98-ae624701d3c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_019db68a-dc19-7f53-9028-43727320d3fe" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityAddressAddressLine2_019db68a-dc19-7f53-9028-43727320d3fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_019db68a-dc19-7361-8932-d248573a639e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityAddressCityOrTown_019db68a-dc19-7361-8932-d248573a639e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_019db68a-dc19-7e0b-80e2-9420be6f4ac6" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityAddressStateOrProvince_019db68a-dc19-7e0b-80e2-9420be6f4ac6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_019db68a-dc19-7cfa-9b68-cf2af5df640f" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityAddressPostalZipCode_019db68a-dc19-7cfa-9b68-cf2af5df640f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_019db68a-dc19-7220-9259-e45ef57efd64" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_CityAreaCode_019db68a-dc19-7220-9259-e45ef57efd64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_019db68a-dc19-7e9d-876e-081bdec88dce" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_LocalPhoneNumber_019db68a-dc19-7e9d-876e-081bdec88dce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_019db68a-dc19-7c29-a810-635157c4c023" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_WrittenCommunications_019db68a-dc19-7c29-a810-635157c4c023" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_019db68a-dc19-7750-9b4d-46cdd0acbead" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_SolicitingMaterial_019db68a-dc19-7750-9b4d-46cdd0acbead" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_019db68a-dc19-7be9-a9d9-6aa60038ae9e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_PreCommencementTenderOffer_019db68a-dc19-7be9-a9d9-6aa60038ae9e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_019db68a-dc19-76d9-bcca-b5d228ebfdb9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_019db68a-dc19-76d9-bcca-b5d228ebfdb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_019db68a-dc19-7d52-966a-b515247426e5" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityEmergingGrowthCompany_019db68a-dc19-7d52-966a-b515247426e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityExTransitionPeriod_019db68a-dc19-7259-85d0-1928c362cd74" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityExTransitionPeriod_019db68a-dc19-7259-85d0-1928c362cd74" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_019db68a-dc19-7192-a6e8-9a51f540783f" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_EntityCentralIndexKey_019db68a-dc19-7192-a6e8-9a51f540783f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_019db68a-dc19-7913-aae9-71b71837f48e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019db68a-dc19-796d-b613-8472e6edaa18" xlink:to="loc_dei_AmendmentFlag_019db68a-dc19-7913-aae9-71b71837f48e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
