Benefit Street Partners, a New York City-based private and alternative investment manager, recently closed a $1.1 billion managed commercial real estate (CRE) collateralized loan obligation (CLO), heavily secured by mortgages on multifamily properties.
The CLO, BSPDF 2026-FL6, is issued from its Opportunistic Debt Fund II, with a structure that is generally consistent with that of prior BSP CRE CLOs, according to a spokesperson for BSP. That includes the 30-month reinvestment period, when the transaction can reinvest proceeds into new loans.
