Goldman Sachs Real Estate Finance Trust Inc., a non-traded real estate investment trust managed by The Goldman Sachs Group, has tripled its lending capacity and separately announced details of recent loan originations across various property types and markets.
Through its indirect, wholly-owned subsidiary, REFT Charles Street LLC, the company increased the limit on its master repurchase agreement with Citibank, N.A. As of May 1, 2025, the facility now provides for asset purchases by Citibank of up to $750 million. This financing arrangement supports the subsidiary’s acquisition and origination of floating-rate whole loans, senior participation interests, and mezzanine loans.
The rest of the terms of the original January 2025 agreement, which had a facility size of up to $250 million, remain unchanged.
The facility accrues interest at a floating rate tied to one-month term secured overnight financing rate, or SOFR – plus a negotiated spread – and matures on Jan. 9, 2028, with extension rights linked to the underlying loan terms. The REIT continues to provide a limited guarantee of 25% of the outstanding obligations, which can become full recourse under customary “bad boy” provisions or bankruptcy events.
Separately, the Company reported the successful origination of four floating-rate first mortgage loans in late April 2025:
- Dallas industrial: A $37.3 million loan was originated for the acquisition of a 611,000-square-foot industrial property in Dallas, Texas. The loan has an initial three-year term with two one-year extension options, priced at one-month term SOFR plus 2.85%.
- Charlotte multifamily: A $51 million loan was provided to refinance a 297-unit multifamily property in Charlotte, N.C. This loan also has an initial three-year term with two one-year extension options, priced at one-month term SOFR plus 2.5%.
- Los Angeles self-storage: The company originated a $55.1 million loan to refinance a 214,000-square-foot self-storage facility in Los Angeles. The loan features a three-year initial term with two one-year extension options, priced at one-month term SOFR plus 3.75%.
- Denver multifamily: A $72.7 million loan was originated for the recapitalization of a 350-unit multifamily property in Denver. This loan has a five-year initial term with no extension options, priced at one-month term SOFR plus 2.45%.
All four originated loans feature interest-only monthly payments. The combined value of these four recent originations totals approximately $216.1 million.
Finally, the company announced distributions per share for each outstanding class of its common stock – Class S, Class I, non-voting common stock, and Class F-I – for the month of April 2025. On or about May 10, 2025, the company will pay a regular distribution in the amount of $0.166 per share and a special distribution of $0.044 per share.
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