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BrightSpire Capital Prices $960 Million Commercial Real Estate CLO

BrightSpire Capital Prices $960 Million Commercial Real Estate CLO

MT newswireMT newswire2026/09/21 21:49
05:49 PM EDT, 09/21/2026 (MT Newswires) -- BrightSpire Capital (BRSP) said late Monday it priced a $960 million commercial real estate collateralized loan obligation at a secured overnight financing rate plus 1.54%. The company said it expects $844.8 million of the securities to be placed with institutional investors, with the transaction expected to be completed on Oct. 16. The CLO is collateralized by interests in 29 first-lien floating-rate mortgages secured by 38 properties across 11 states, according to a statement. The company added that it will also redeem its 2024-FL2 securitization on Oct. 19.
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