Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events BRSP 2026-FL4 On October 16, 2026, the Company executed a $960.0 million securitization transaction, BRSP 2026-FL4, which resulted in the sale of $844.8 million of investment grade notes. The securitization reflects an initial advance rate of 88.0% at a weighted average coupon at issuance of Term SOFR+1.54% (before transaction costs) and is collateralized by a pool of 29 first-lien floating-rate mortgages secured by 38 properties. On October 19, 2026, the Company also redeemed the outstanding securities under BRSP 2024-FL2, including the investment grade bonds, which totaled $537.8 million. Dividends In October 2026, the Company paid a quarterly cash dividend of $0.16 per share of its Class A common stock for the quarter ended September 30, 2026, to stockholders of record as of September 30, 2026. Loan Originations Subsequent to September 30, 2026, the Company originated one senior mortgage loan with a total commitment of $43.0 million. Real Estate Sale In October 2026, the Company sold one multifamily property for total gross proceeds of $32.5 million.
|