Goldman Sachs Real Estate Finance Trust Inc: Private Share Sale, Distributions

What Happened

• Goldman Sachs Real Estate Finance Trust Inc filed an 8-K on September 8, 2026 reporting: (1) an unregistered private sale of common stock on September 1, 2026; (2) announced net distributions for August 2026 payable on or about September 10, 2026 (record date August 31, 2026); and (3) four new loan originations in August 2026 across self‑storage, industrial, office and multifamily assets.
• The Company sold 189,583.337 shares of Class I common stock for $4,732,000 and 147,694.468 shares of Class S common stock for $3,724,508 (aggregate proceeds $8,456,508, which includes upfront selling commissions of $41,008). The Offering was made under Section 4(a)(2) and Regulation D, relying on purchaser accredited‑investor representations.

Key Details

• Private sale: Class I — 189,583.337 shares for $4,732,000; Class S — 147,694.468 shares for $3,724,508 (total $8,456,508).
• Distributions (net per share) payable ~Sept 10, 2026 to holders of record Aug 31, 2026:
  • Class S: $0.1480; Class I: $0.1660; Class NV-1: $0.1660; Class NV-2: $0.1660; Class F‑I: $0.2173; Class F‑II: $0.1908.
• Loan originations:
  • Self‑Storage 5‑Pack — $39.8M first mortgage (Aug 10, 2026), floating rate, 2‑yr initial term, three 1‑yr extension options; interest only at 1‑month SOFR + 2.70%.
  • Fort Worth Industrial — $26.5M first mortgage (Aug 10, 2026), floating rate, 2‑yr initial term, three 1‑yr extension options; interest only at 1‑month SOFR + 2.65%.
  • Dallas Office — $123.2M first mortgage (Aug 28, 2026), floating rate, 3‑yr initial term, two 1‑yr extension options; interest only at 1‑month SOFR + 3.00%.
  • Atlanta Multifamily — $44.5M first mortgage (Aug 28, 2026), floating rate, 2‑yr initial term, three 1‑yr extension options; interest only at 1‑month SOFR + 2.30%.

Why It Matters

• Capital & liquidity: The private sale raised about $8.46M of equity proceeds (after reflecting the stated amounts), which can be used to support lending, operations or portfolio activities without a public registration.
• Income for holders: The announced net distributions specify exact per‑share amounts and payment/reinvestment options; investors should note the record date (Aug 31, 2026) to receive payment or reinvestment.
• Portfolio activity and risk: The four new floating‑rate, interest‑only loans (largest: $123.2M Dallas Office) show active deployment across property types and markets; investors should consider exposure to office, industrial, multifamily and self‑storage, and the loans’ reliance on short‑term SOFR pricing and extension‑option mechanics.