Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Downtown New York  + Finance  | 

Franklin BSP Closes NewPoint Acquisition, Adding Agency and Mortgage Servicing

New York-based Franklin BSP Realty Trust, Inc. (FBRT) has closed its previously announced acquisition of NewPoint Holdings JV L.L.C. for a total consideration of $425 million. The acquisition expands FBRT’s multifamily operations to include agency and mortgage servicing alongside its existing commercial real estate lending products, which include bridge lending, subordinate lending, construction lending and CMBS.

When the acquisition was announced in March, FBRT president Michael Comparato said, “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.

“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.”

Pictured: Franklin BSP headquarters at One Madison Ave., Manhattan.

Connect

Inside The Story

Franklin BSP

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action