{ "chunks": [ { "id": "4a2f16df-3597-4944-b61d-ef064888332b", "grounding": { "box": { "bottom": 0.10541503131389618, "left": 0.03438769280910492, "right": 0.4911222457885742, "top": 0.049598559737205505 }, "page": 0 }, "markdown": "\n\nCAPITALIZATION HIGHLIGHTS", "type": "text" }, { "id": "81cd6fc4-4dfa-4f8a-b33c-7552f0556f92", "grounding": { "box": { "bottom": 0.2356252670288086, "left": 0.02408546209335327, "right": 0.9220001101493835, "top": 0.13851910829544067 }, "page": 0 }, "markdown": "\n\nDiversified capital structure of primarily non-recourse debt and a 2.7x debt-to-equity ratio. Embedded\ncapacity under existing financing facilities including $30M of corporate revolver availability and $1.4B of\nrepurchase facilities availability(3)", "type": "text" }, { "id": "6e612546-601b-49c2-a60f-f45cba5705c4", "grounding": { "box": { "bottom": 0.8968532085418701, "left": 0.02287451922893524, "right": 0.49769753217697144, "top": 0.24537375569343567 }, "page": 0 }, "markdown": "\n\n\n\n\n\n\n\n\n\n\n
Key Financial Metrics
$3.8BTotal capitalization (excluding cash)
$2.8BTotal outstanding debt
$30MCorporate revolving credit facility availability As of July 24, 2026
$1.4BMaster repurchase facilities availability As of July 24, 2026
2.7xDebt-to-equity ratio(4)
70%Debt-to-asset ratio(19)
5.50%Blended all-in cost of financing(5)
", "type": "table" }, { "id": "5dae4f38-ca6f-4860-b8cf-2c61def421b5", "grounding": { "box": { "bottom": 0.9004385471343994, "left": 0.5012162327766418, "right": 0.9731832146644592, "top": 0.2437629997730255 }, "page": 0 }, "markdown": "\n\nCapital Structure\n<::Capital Structure: pie chart\nTotal capitalization $3.8B\n- Securitization bonds payable (non-recourse): 37%\n- Stockholders' equity (undepreciated): 27%\n- Master repurchase facilities (limited recourse): 23%\n- Mortgage debt (non-recourse): 10%\n- Corporate revolving credit facility (recourse): 2%\n- Other debt (non-recourse): 1%::>", "type": "figure" }, { "id": "dadc07a1-eb37-48b2-8f7e-cfeeb55a1019", "grounding": { "box": { "bottom": 0.9681380391120911, "left": 0.02288251370191574, "right": 0.21963146328926086, "top": 0.9123584628105164 }, "page": 0 }, "markdown": "\n\n<::logo: BrightSpire Capital\nBRIGHTSPIRE\nCAPITAL\nThe logo features a stylized 'BS' monogram in dark blue and light blue, followed by the company name in two lines.::>", "type": "logo" }, { "id": "73c58672-4835-4394-8f6b-7bfc0027033e", "grounding": { "box": { "bottom": 0.9505871534347534, "left": 0.2356162965297699, "right": 0.5082870721817017, "top": 0.9130827188491821 }, "page": 0 }, "markdown": "\n\nAs of June 30, 2026, unless otherwise stated; at BRSP share\nSee footnotes in the appendix", "type": "text" }, { "id": "27c78999-0de3-4d59-b33a-4133f7e6f78b", "grounding": { "box": { "bottom": 0.9717662930488586, "left": 0.9529321193695068, "right": 0.9777231216430664, "top": 0.9434605240821838 }, "page": 0 }, "markdown": "\n\n20", "type": "marginalia" } ], "markdown": "\n\nCAPITALIZATION HIGHLIGHTS\n\n\n\nDiversified capital structure of primarily non-recourse debt and a 2.7x debt-to-equity ratio. Embedded\ncapacity under existing financing facilities including $30M of corporate revolver availability and $1.4B of\nrepurchase facilities availability(3)\n\n\n\n\n\n\n\n\n\n\n\n\n
Key Financial Metrics
$3.8BTotal capitalization (excluding cash)
$2.8BTotal outstanding debt
$30MCorporate revolving credit facility availability As of July 24, 2026
$1.4BMaster repurchase facilities availability As of July 24, 2026
2.7xDebt-to-equity ratio(4)
70%Debt-to-asset ratio(19)
5.50%Blended all-in cost of financing(5)
\n\n\n\nCapital Structure\n<::Capital Structure: pie chart\nTotal capitalization $3.8B\n- Securitization bonds payable (non-recourse): 37%\n- Stockholders' equity (undepreciated): 27%\n- Master repurchase facilities (limited recourse): 23%\n- Mortgage debt (non-recourse): 10%\n- Corporate revolving credit facility (recourse): 2%\n- Other debt (non-recourse): 1%::>\n\n\n\n<::logo: BrightSpire Capital\nBRIGHTSPIRE\nCAPITAL\nThe logo features a stylized 'BS' monogram in dark blue and light blue, followed by the company name in two lines.::>\n\n\n\nAs of June 30, 2026, unless otherwise stated; at BRSP share\nSee footnotes in the appendix\n\n\n\n20", "metadata": { "credit_usage": 3.0, "duration_ms": 10614, "filename": "p20.pdf", "job_id": "cmsgut5ha05y8fm01ln766016", "org_id": "dlh8mka28ml4", "page_count": 1, "version": "dpt-2-20260410", "failed_pages": [] }, "splits": [ { "chunks": [ "4a2f16df-3597-4944-b61d-ef064888332b", "81cd6fc4-4dfa-4f8a-b33c-7552f0556f92", "6e612546-601b-49c2-a60f-f45cba5705c4", "5dae4f38-ca6f-4860-b8cf-2c61def421b5", "dadc07a1-eb37-48b2-8f7e-cfeeb55a1019", "73c58672-4835-4394-8f6b-7bfc0027033e", "27c78999-0de3-4d59-b33a-4133f7e6f78b" ], "class_": "full", "identifier": "full", "markdown": "\n\nCAPITALIZATION HIGHLIGHTS\n\n\n\nDiversified capital structure of primarily non-recourse debt and a 2.7x debt-to-equity ratio. Embedded\ncapacity under existing financing facilities including $30M of corporate revolver availability and $1.4B of\nrepurchase facilities availability(3)\n\n\n\n\n\n\n\n\n\n\n\n\n
Key Financial Metrics
$3.8BTotal capitalization (excluding cash)
$2.8BTotal outstanding debt
$30MCorporate revolving credit facility availability As of July 24, 2026
$1.4BMaster repurchase facilities availability As of July 24, 2026
2.7xDebt-to-equity ratio(4)
70%Debt-to-asset ratio(19)
5.50%Blended all-in cost of financing(5)
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