Private Placement (Form 8-K)

On March 2, 2026, Goldman Sachs Real Estate Finance Trust Inc (the "Company") sold unregistered shares of its common stock (the "Shares") pursuant to its ongoing private offering (the "Offering"). The offer and sale of the Shares was exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The following table details the Shares sold:

The sale of the Shares in the Offering was made pursuant to subscription agreements entered into by the Company and the purchasers thereof. The Company relied, in part, upon representations from the purchasers in the subscription agreements that each purchaser was an accredited investor (as defined in Regulation D under the Securities Act).

In addition, on March 2, 2026, the Company exchanged 626,569.903 shares of its Class I Common Stock for an equivalent number of shares of its Class NV-2Common Stock. The issuance of the shares of Class NV-2Common Stock was exempt from the registration requirements of the Securities Act pursuant to Section 3(a)(9) of the Securities Act on the basis that the issuance of Class NV-2Common Stock constituted an exchange with existing holders of the Company's securities and no commission or other remuneration was paid or given directly or indirectly for soliciting such transaction.

Distributions

On or about March 10, 2026, the Company will pay distributions per share for each outstanding class of its common stock for the month of February 2026 in the net distribution amounts set forth below.

The net distribution for each class of common stock consists of a regular gross distribution reduced by any class-specific accruals allocable to the class and is payable to stockholders of record as of the close of business on February 28, 2026 (the "Record Date"). As of the Record Date, the Company had no outstanding shares of Class T, Class D or Class NV-2Common Stock. These distributions will be paid in cash or reinvested in the applicable class of common stock for stockholders participating in the Company's distribution reinvestment plan.

Loan Originations

Denver Multifamily

On February 26, 2025, the Company originated a $81.0 million floating rate, first mortgage loan collateralized by a 302-unitmultifamily asset located in Denver, Colorado ("Denver Multifamily"). The mortgage loan is intended to refinance the existing debt on the property. The initial term of the loan is two years and provides for three one-yearextension options, subject to the satisfaction of certain pre-definedconditions by the borrower. Monthly payments consist of interest only at a rate of one-monthterm SOFR plus 2.45%.

Raleigh Multifamily

On February 26, 2025, the Company originated a $47.2 million floating rate, first mortgage loan collateralized by a 344-unitmultifamily asset located in Raleigh, North Carolina ("Raleigh Multifamily"). The mortgage loan is intended to refinance the existing debt on the property. The initial term of the loan is three years and provides for two one-yearextension options, subject to the satisfaction of certain pre-definedconditions by the borrower. Monthly payments consist of interest only at a rate of one-monthterm SOFR plus 2.50%.