Item 7.01. Regulation FD Disclosure
On
The information included under this Item 7.01 (including Exhibit 99.1 to this Current Report on Form 8-K) shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events
The press release includes the following operating updates for the Company in the fourth quarter of 2021:
· The Company originated and funded a record
million of future funding obligations, relating to 38 floating-rate loans.
o The 38 loans have a stabilized loan-to-value ("LTV") and yield (1) of 63.6% and
4.0%, respectively.
o 93% of fourth quarter new originations were multifamily.
· As of quarter end, 70% of the loan portfolio was invested in multifamily
credits.
· The Company funded approximately
fourth quarter.
· The Company received
· The Company called BSPRT 2018-FL3, a Commercial Real Estate Collateralized Loan
Obligation ("CRE CLO"), onDecember 15, 2021 .
(1). Yield is defined as: (i) current spread of the loan plus (ii) any applicable index or index floor plus (iii) origination and exit fees amortized over the initial maturity term of the loan.
Forward-Looking Statements
This communication includes forward-looking statements. These forward-looking
statements generally can be identified by phrases such as "will," "should,"
"expects," "anticipates," "foresees," "forecasts," "estimates" or other words or
phrases of similar import. Similarly, statements herein that describe
management's beliefs, intentions or goals also are forward-looking statements.
It is uncertain whether any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do, what impact they will
have on the results of operations and financial condition of the Company or the
price of the Company's stock. These forward-looking statements involve certain
risks and uncertainties, many of which are beyond our control, that could cause
actual results to differ materially from those indicated in such forward-looking
statements, including but not limited to the risks and important factors
contained and identified in the Company's filings with the
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