M&A - Goldman Sachs Real Estate Finance Trust Inc
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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