Matthew Erdner

Jason Stewart

William Catherwood

Randolph Binner

Randy Binner

Stephen Laws

Steve Delaney

Steven Delaney

Tom Catherwood

- Franklin BSP Realty Trust (FBRT) **closed its acquisition of NewPoint Holdings JV LLC on July 1**.  **[1562528_2144514_0]** 
- The acquisition adds a **scaled agency origination and servicing platform**, transforming FBRT into a **"cradle-to-grave" provider of debt capital** for the multifamily sector.  **[1562528_2144514_0]** **[1562528_2144514_1]** 
- NewPoint's business is **capital-light**, being 100% financed by warehouse lines, and is expected to enhance FBRT's income stability and drive **long-term book value per share growth** through Mortgage Servicing Rights (MSRs).  **[1562528_2144514_0]** **[1562528_2144514_1]** **[1562528_2144514_3]** **[1562528_2144514_5]** 
- **Cross-selling opportunities** are already being realized, with examples of joint product offerings to clients.  **[1562528_2144514_1]** **[1562528_2144514_2]** 
- Full integration and realization of synergies are anticipated to take **a few quarters through early next year**.  **[1562528_2144514_6]**

Franklin BSP Realty Trust Completes Acquisition of NewPoint Holdings JV LLC