Goldman Sachs Real Estate Finance Trust Inc 8-K

What Happened

• Goldman Sachs Real Estate Finance Trust filed an 8-K on Jan 8, 2026 disclosing three main items: (1) a private (unregistered) sale of common stock on Jan 2, 2026, (2) monthly distributions for December 2025 payable on or about Jan 10, 2026, and (3) several mortgage loan originations in December 2025.
• The private offering sold 449,361.528 Class I shares for $11,261,000 and 111,630.698 Class S shares for $2,793,000 (the aggregate sale includes $33,560 of upfront selling commissions). The company relied on Regulation D/Section 4(a)(2) exemptions and purchaser representations that buyers were accredited investors.
• December loan originations/upsizes total $221.6 million: a $44.6M first mortgage (255‑unit, Grand Prairie, TX) dated Dec 12, 2025; a $48.6M first mortgage (354‑unit, Katy, TX) dated Dec 15, 2025; a $55.0M first mortgage (298‑unit, Charlotte, NC) dated Dec 19, 2025; and a $73.4M upsizing of an industrial portfolio (now the “Industrial 10‑Pack”) dated Dec 30, 2025. All loans are floating‑rate, interest‑only initially, and include extension options.

Key Details

• Private stock sale (Jan 2, 2026): Class I — 449,361.528 shares for $11,261,000; Class S — 111,630.698 shares for $2,793,000 (includes $33,560 commissions).
• December distributions (payable ~Jan 10, 2026; record date Dec 31, 2025): net per‑share amounts reported (by class) include Class S $0.1479; Class I $0.1660; Non‑Voting $0.1660; Class F‑I $0.2260; Class F‑II $0.1991. Payments may be made in cash or reinvested under the DRIP. No Class T or Class D shares were outstanding as of the record date.
• Loan economics and terms: total new/upsized originations $221.6M; initial terms mostly 3 years (two 1‑year extension options) for the multifamily loans and 2 years (three 1‑year extension options) for the industrial upsized loan; interest pricing tied to 1‑month SOFR plus spreads of 2.30%–2.60% (specifics: Dallas +2.45%, Houston +2.30%, Charlotte +2.40%, Industrial 10‑Pack +2.60%).

Why It Matters

• The private stock sale raised about $14.05 million of equity capital (before commissions), which supports the company’s lending and investment activity without a public offering. The use of accredited‑investor exemptions is typical for ongoing private placements.
• The December distributions confirm the company’s ongoing monthly payout to shareholders (cash or reinvestment option) and the record/payable dates investors should note.
• The $221.6M of new and upsized loans expand the company’s loan portfolio across multifamily and industrial properties and are short‑dated (initial terms of 2–3 years) with extension options; interest is floating and tied to SOFR plus modest spreads, which affects future cash flow sensitivity to short‑term rates.