Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO
Business Wire•02/11/2026•07:00 ET
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Key Highlights
- ➤$1.1 billion CRE CLO FL6 closed with a 30-month reinvestment period
- ➤FL6 priced at 88.25% initial advance rate and SOFR+1.77% weighted average interest cost
- ➤BSP issued five CRE CLO transactions totaling approximately $5.0 billion this year
- ➤Benefit Street Partners manages $97 billion in assets as of August 31, 2026
- ➤Franklin Templeton (BEN) reports over $1.79 trillion in assets under management
Expert Statements
Jerry Baglien, Head of Real Estate at Benefit Street Partners
“The closing of FL6, the third CLO from our Opportunistic Debt Fund II, reflects the continued momentum across our real estate business and the strength of our financing capabilities. With approximately $5 billion of CRE CLO issuance completed this year, we remain well positioned to deploy capital selectively and pursue compelling opportunities for our investors.”
Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO
Benefit Street Partners L.L.C. (“BSP”) today announced the closing of BSPDF 2026-FL6 (“FL6”), a managed Commercial Real Estate Collateralized Loan Obligation totaling approximately $1.1 billion and featuring a 30-month reinvestment period. FL6 has an initial advance rate of 88.25% and a weighted average interest cost of 1M CME Term SOFR+1.77% before accounting for transaction costs. The transaction priced on October 20, 2026. This year, BSP has issued five CRE CLO transactions totaling approximately $5.0 billion.
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