Goldman Sachs Real Estate Finance Trust Lends $77.9 Million on Richmond Industrial Property
The trust also took in $8.9 million from Class I share sales in its private offering and set October payouts across six share classes.
November 11, 2026
Goldman Sachs Real Estate Finance Trust originated a $77.9 million floating-rate first mortgage loan on October 20 to finance the acquisition of a five-building, 1.0 million-square-foot industrial property in Richmond, Virginia.
The loan has an initial term of three years and two one-year extension options, which the borrower can exercise if it meets certain predefined conditions. It pays interest only, monthly, at one-month Term SOFR plus 2.50%. The trust identified the collateral only as Richmond Industrial and did not name the borrower.
The origination comes a few weeks after the trust, which is externally managed by Goldman Sachs & Co. LLC, added up to $500 million in repurchase financing from The Bank of Nova Scotia to fund commercial real estate loan acquisitions and originations. That facility prices each advance at one-month Term SOFR plus a spread set asset by asset and has an initial maturity of September 28, 2029.
Private Offering Sales
On November 2, the trust sold 358,697.393 Class I shares for $8,949,500 and 35,112.359 Class S shares for $876,300 through its ongoing private offering. The Class S total includes $1,300 in upfront selling commissions.
The shares were sold under Regulation D, and each purchaser represented in its subscription agreement that it was an accredited investor. The trust has no securities listed on an exchange.
October Distributions
The trust will pay October distributions on or about November 10 to stockholders of record as of October 31. Net distributions per share by class are:
- Class S: $0.1480
- Class I, Class NV-1 and Class NV-2: $0.1660 each
- Class F-I: $0.2140
- Class F-II: $0.1873
Each class's net amount equals the regular gross distribution less any accruals specific to that class. Distributions are paid in cash or, for stockholders enrolled in the distribution reinvestment plan, reinvested in shares of the same class. No Class T or Class D shares were outstanding as of the record date.
