M&A - Goldman Sachs Real Estate Finance Trust Inc

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Form Type: 8-K

Filing Date: 2025-05-22

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525124862

Filing Summary: On May 16, 2025, Goldman Sachs Real Estate Finance Trust Inc entered into an Assignment and Assumption Agreement to acquire a floating rate, first mortgage loan of $54.6 million, collateralized by a portfolio of 12 flex-industrial buildings in New Jersey. The acquisition follows due approval and was determined at fair value. On May 22, 2025, the company originated a $52.5 million floating rate mortgage loan for a multifamily property in Phoenix, Arizona, intended to refinance existing debt. This loan has an initial term of two years with extension options.

Additional details:

Entry Date: 2025-05-16


Loan Amount: 54.6 million


Commitment Amount: 74.3 million


Monthly Payment Type: interest only


Interest Rate: SOFR plus 2.85%


Acquisition Price: 54.6 million


Property Description: 360-unit multifamily property


Phoenix Loans Amount: 52.5 million


Phoenix Monthly Payment Type: interest only


Phoenix Interest Rate: SOFR plus 2.55%


Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525004397

Filing Summary: On January 10, 2025, Goldman Sachs Real Estate Finance Trust Inc completed the acquisition of a Nashville multifamily property for $33.3 million, which is part of a portfolio of real estate debt investments sourced by Goldman Sachs. The property is a 196-unit multifamily complex located in Smyrna, Tennessee, intended to refinance existing debt. This acquisition follows the approval from the affiliate transaction committee of the company’s board of directors and was previously initiated with assets under a Master Repurchase Agreement with Citibank. The total aggregate transfer price for the Warehoused Investments, including this acquisition, was reported to be $77.59 million.

Additional details:

Item Date: 2025-01-09


Facility Amount: 250000000


Repurchase Agreement Maturity Date: 2028-01-09


Shares Sold Class I: 4392200


Shares Sold Class S: 1270742.56


Shares Sold Class D: 2955.083


Aggregate Consideration Class I: 109805000


Aggregate Consideration Class S: 32052262


Aggregate Consideration Class D: 75000


Goldman Sachs Investment Amount: 25000000


Nashville Multifamily Loan Amount: 33300000


Total Transfer Price: 77590000


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