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Benefit Street Partners Realty Trust enters into $150M repurchase facility

Benefit Street Partners Realty Trust Inc., through its units, entered into a master repurchase agreement with Barclays Bank PLC that provides up to $150.0 million in advances.

The company can increase the advances to up to $300.0 million. Interest on the advances will be set at a per-year base rate plus an applicable margin. The initial maturity date is March 15, 2022, with a one-year extension option.

The company intends to use the advances to finance the acquisition or origination of loans.