**Franklin BSP Closes $425M NewPoint Acquisition, Expands into Agency and Mortgage Servicing**
Franklin BSP Realty Trust, Inc. (FBRT), a New York-based real estate investment trust, has completed its previously announced acquisition of NewPoint Holdings JV L.L.C. in a transaction valued at $425 million. With this acquisition, FBRT broadens its multifamily operations to include agency lending and mortgage servicing, complementing its existing suite of commercial real estate financing solutions. These existing services include bridge lending, subordinate lending, construction loans, and CMBS (Commercial Mortgage-Backed Securities).
When the deal was initially announced in March, FBRT President Michael Comparato emphasized the strategic importance of the acquisition.
“For years we have been looking to add agency capabilities to the FBRT platform, which already boasts one of the most extensive product offerings in the market,” said Comparato. “We believe this transaction is the final piece to complete our ‘one-stop shop’ puzzle and is even more compelling given the strong cultural alignment between the two teams. We’re excited to build on the momentum of this acquisition alongside the NewPoint team, who worked tirelessly in close partnership with us to finalize this deal.”
Franklin BSP’s headquarters is located at One Madison Avenue in Manhattan.
*Image: Franklin BSP headquarters at One Madison Ave., Manhattan.*
