Franklin Bsp Realty Trust, Inc. · NYSE:FBRT
Franklin Bsp Realty Trust — Merger or Acquisition (March 2025)
10 slides from Franklin Bsp Realty Trust's merger presentation, Mar 11, 2025
Slide 1: Franklin BSP Realty Trust: NewPoint Real Estate Capital Transaction Overview
March 2025 Franklin BSP Realty Trust NewPoint Real Estate Capital Transaction Overview
Slide 2: Important Information
Important Information The information herein relates to the Company’s business and financial information as of December 31, 2024 and does not reflect subsequent developments. Risk Factors Investing in and owning our common stock involves a high degree of risk. See the section entitled “Risk Factors”
Slide 3: Transaction Overview
Transaction Overview The Acquisition of NewPoint Adds a Scaled CRE Agency Loan Origination and Servicing Platform to FBRT Transaction ‒ Franklin BSP Realty Trust, Inc. (“FBRT” or the “Company”) has entered into a definitive Summary agreement to acquire NewPoint Holdings JV LLC (“NewPoint”) for $425
Slide 4: NewPoint at-a-Glance
NewPoint at-a-Glance NewPoint’s vertically integrated lending and servicing platform will transform FBRT Key Stats One of Only 19 $54.7bn 237 Employees Agency Originators Approved Servicing Portfolio by All 3 Agencies $2.9bn Top 20 MBA Ranked Agency Volume in 2024 Commercial/Multifamily Servicer #3
Slide 5: Strategic Rationale
Strategic Rationale This Transaction Adds Capital-Light Businesses and Long-Term Assets to FBRT 1 2 Agency Licenses CRE Servicing Provides highly sought-after Agency Enhances income stability, predictability and licenses allowing FBRT to directly duration through a scaled servicer. originate Agency
Slide 6: Embedded Synergies
Embedded Synergies Long-Term Stockholder Value is Driven Through Embedded Synergies Increased Deal Flow Multifamily Servicing Presence Scale BSP has 90 CRE NewPoint and Over the past NewPoint will employees in five FBRT are each four years, BSP be able to states. expected to and NewPoint service loa
Slide 7: Expanding FBRT's Multifamily Lending Capabilities
Expanding FBRT’s Multifamily Lending Capabilities FBRT will be a One Stop Shop Supporting the Entire Multifamily Lending Lifecycle FBRT Capabilities Loan Type Pre-Acquisition Post-Acquisition Originations Servicing Originations Servicing Construction Loans (2-3 years) Transitional Loans (2-3
Slide 8: Expanding FBRT's Business Lines Relative to Select Peers
Expanding FBRT’s Business Lines Relative to Select Peers FBRT will now have a Full Suite of CRE Products FBRT FBRT Peer Peer Pre Post Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 10 11 Acq. Acq. Senior Lending Junior Lending Conduit
Slide 9: Definitions
Definitions Distributable Earnings and Distributable Earnings to Common Distributable Earnings is a non-GAAP measure, which the Company defines as GAAP net income (loss), adjusted for (i) non-cash CLO amortization acceleration and amortization over the expected useful life of the Company's CLOs, (ii
Slide 10: New York New York London
New York New York London Boston West Palm Beach 1 Madison Avenue 1345 Avenue of the Americas Cannon Place 399 Boylston Street 360 South Rosemary Avenue Floor 11 – 22 Suite 32A 78 Cannon Street Suite 901 Suite 1510 New York New York London Boston West Palm Beach NY 10010 NY 10105 EC4N 6HL MA 02116 FL
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