PC · PRIVATE CREDIT

Franklin BSP Real Estate Debt, Inc.

Franklin Templeton · Non-Traded Commercial Real Estate Credit REIT

Program Overview

Non-Traded Commercial Real Estate Credit REIT

Peer Group Filters

Objectives: IncomeCapital PreservationDiversificationLow Volatility
Asset Class: Private Credit
Vehicle: REIT
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Franklin Templeton

Asset Class

Private Credit

Issuer

Franklin BSP Real Estate Debt, Inc.

Issuer Legal Structure

Maryland Corporation

Program Life Structure

Perpetual

Securities Offered

Equity - Class G Common Stock Equity - Class G-D Common Stock Equity - Class G-S Common Stock Equity - Class E Common Stock Equity - Class I Common Stock

Strategy Risk/Return Profile

Core Plus

Managing Broker-Dealer

Franklin Distributors, L.L.C.

Joint Venture

40% / 60% with Affiliated fund (Adviser-affiliated) program controls · sponsor affiliate

Raised To Date

$207,900,000

Strategy Overview

Originates and holds senior secured commercial real estate loans, financed with repurchase-agreement leverage, distributing resulting net interest income monthly. Focuses on senior floating-rate first mortgage loans on middle-market ($25M-$100M) multifamily and other commercial real estate, with lesser allocations to mezzanine and subordinated loans, B notes, CMBS, CRE CLOs and net-leased property. A levered private credit vehicle wrapped in a perpetual-life non-traded REIT.

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