BrightSpire Capital Advisors is a subsidiary of BrightSpire Capital, Inc., a commercial real estate investment trust. BrightSpire Capital Advisors primarily manages investments for BRSP 2021-FL1, Ltd. and BRSP 2024-FL2, Ltd., focusing on commercial real estate loans. The firm's main goal is to serve as a collateral manager, which includes reviewing and approving new investment transactions.
BrightSpire Capital Advisors manages investments for its clients and receives a collateral manager fee. The fee is 0.10% per year of the net outstanding portfolio balance, paid monthly. However, BrightSpire Capital Advisors has currently waived this fee.