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  <xs:element id="bsprt_SantanderSecuritiesMember" abstract="true" name="SantanderSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_MasterRepurchaseAgreementMember" abstract="true" name="MasterRepurchaseAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_U.S.BankNationalAssociationMember" abstract="true" name="U.S.BankNationalAssociationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_DebtInstrumentWeightedAverageDaysToMaturity" abstract="false" name="DebtInstrumentWeightedAverageDaysToMaturity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
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  <xs:element id="bsprt_CollateralizedLoanObligationsIssuedIn2021FL7Member" abstract="true" name="CollateralizedLoanObligationsIssuedIn2021FL7Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_CollateralizedLoanObligationsIssuedIn2022FL8Member" abstract="true" name="CollateralizedLoanObligationsIssuedIn2022FL8Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bsprt_CollateralizedLoanObligationsIssuedIn2023FL10Member" abstract="true" name="CollateralizedLoanObligationsIssuedIn2023FL10Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_CollateralizedLoanObligationsIssuedIn2024FL11IssuerMember" abstract="true" name="CollateralizedLoanObligationsIssuedIn2024FL11IssuerMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_DebtInstrumentCollateralNumberOfMortgageAssets" abstract="false" name="DebtInstrumentCollateralNumberOfMortgageAssets" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="bsprt_SecuredDebtExcluded" abstract="false" name="SecuredDebtExcluded" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_DebtIssuanceCostsAndDiscount" abstract="false" name="DebtIssuanceCostsAndDiscount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_GuaranteeObligationsIncludedInAllowanceForLossSharingObligations" abstract="false" name="GuaranteeObligationsIncludedInAllowanceForLossSharingObligations" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_LossSharingObligationsAllowanceSpecificReserve" abstract="false" name="LossSharingObligationsAllowanceSpecificReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_LossSharingObligationsAllowance" abstract="false" name="LossSharingObligationsAllowance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_LossSharingObligationsPercent" abstract="false" name="LossSharingObligationsPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bsprt_ImpactOfAdoptingCurrentExpectedCreditLosses" abstract="false" name="ImpactOfAdoptingCurrentExpectedCreditLosses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_GeneralReserveMember" abstract="true" name="GeneralReserveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bsprt_LossContingencyAccrualAllowanceAcquiredInAcquisition" abstract="false" name="LossContingencyAccrualAllowanceAcquiredInAcquisition" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_LossContingencyAccrualWriteOff" abstract="false" name="LossContingencyAccrualWriteOff" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_LossContingencyAccrualRecoveriesChargeOffsNet" abstract="false" name="LossContingencyAccrualRecoveriesChargeOffsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_RestrictedStockAndRestrictedStockUnitsMember" abstract="true" name="RestrictedStockAndRestrictedStockUnitsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_BasicNumeratorAbstract" abstract="true" name="BasicNumeratorAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="bsprt_DilutedNumeratorAbstract" abstract="true" name="DilutedNumeratorAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="bsprt_NetIncomeLossFromNonControllingInterestOPUnits" abstract="false" name="NetIncomeLossFromNonControllingInterestOPUnits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_DenominatorAbstract" abstract="true" name="DenominatorAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="bsprt_ConversionOfStockPreferredStockConvertedToCommonStockMandatoryConversionDateExtensionPeriod" abstract="false" name="ConversionOfStockPreferredStockConvertedToCommonStockMandatoryConversionDateExtensionPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="bsprt_StockIssuedDuringPeriodSharesConversionOfConvertibleSecuritiesMaximumAllowedShareConversionsPerMonth" abstract="false" name="StockIssuedDuringPeriodSharesConversionOfConvertibleSecuritiesMaximumAllowedShareConversionsPerMonth" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="bsprt_ConversionOfStockPreferredStockToCommonStockNoticePeriod" abstract="false" name="ConversionOfStockPreferredStockToCommonStockNoticePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="bsprt_DividendReinvestmentAndDirectStockPurchasePlanDRIPMember" abstract="true" name="DividendReinvestmentAndDirectStockPurchasePlanDRIPMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_AtTheMarketSalesAgreementMember" abstract="true" name="AtTheMarketSalesAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_StockPurchasedDuringPeriodSharesDividendReinvestmentPlan" abstract="false" name="StockPurchasedDuringPeriodSharesDividendReinvestmentPlan" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="bsprt_UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFourAndAfterYearFour" abstract="false" name="UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFourAndAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="bsprt_TypeOfAgreementDomain" abstract="true" name="TypeOfAgreementDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_PurchaseAndSaleAgreementMember" abstract="true" name="PurchaseAndSaleAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bsprt_SubsidiaryDomain" abstract="true" name="SubsidiaryDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_NumberOfWhollyOwnedSubsidiaries" abstract="false" name="NumberOfWhollyOwnedSubsidiaries" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="bsprt_PaymentOfCashForPurchasedInterests" abstract="false" name="PaymentOfCashForPurchasedInterests" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_InterestEarnedOnEscrows" abstract="false" name="InterestEarnedOnEscrows" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_PayOffsMortgageServicingRightsMSRs" abstract="false" name="PayOffsMortgageServicingRightsMSRs" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_ContractuallySpecifiedServicingFeesPercentage" abstract="false" name="ContractuallySpecifiedServicingFeesPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bsprt_FannieMaeMember" abstract="true" name="FannieMaeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_GinneMaeMember" abstract="true" name="GinneMaeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_FreddieMacMember" abstract="true" name="FreddieMacMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_BridgeMember" abstract="true" name="BridgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_AffordableMember" abstract="true" name="AffordableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_PrivateLabelMember" abstract="true" name="PrivateLabelMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_OtherMember" abstract="true" name="OtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_BenefitStreetPartnersLLCMember" abstract="true" name="BenefitStreetPartnersLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_FeetoAcquireandOriginateRealEstateDebtMember" abstract="true" name="FeetoAcquireandOriginateRealEstateDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_JeffersonvilleJVAffiliateMember" abstract="true" name="JeffersonvilleJVAffiliateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_WalgreensJVAffiliateMember" abstract="true" name="WalgreensJVAffiliateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_September2021MortgageNotePayableAffiliateMember" abstract="true" name="September2021MortgageNotePayableAffiliateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_RelatedPartyTransactionSubordinatedPerformanceFeeTotalReturnThreshold" abstract="false" name="RelatedPartyTransactionSubordinatedPerformanceFeeTotalReturnThreshold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bsprt_RelatedPartyTransactionSubordinatedParticipationInAssetSaleFee" abstract="false" name="RelatedPartyTransactionSubordinatedParticipationInAssetSaleFee" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bsprt_RelatedPartyTransactionSubordinatedParticipationInAssetSaleFeeMaximum" abstract="false" name="RelatedPartyTransactionSubordinatedParticipationInAssetSaleFeeMaximum" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="bsprt_AdministrativeServicesExpensesMember" abstract="true" name="AdministrativeServicesExpensesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_AssetManagementAndSubordinatedPerformanceFeeMember" abstract="true" name="AssetManagementAndSubordinatedPerformanceFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_OtherRelatedPartyExpensesMember" abstract="true" name="OtherRelatedPartyExpensesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_AcquisitionFeesAndExpensesIncludingAmountCapitalizedMember" abstract="true" name="AcquisitionFeesAndExpensesIncludingAmountCapitalizedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bsprt_ThirdPartyVendorAgreementMember" abstract="true" name="ThirdPartyVendorAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossAndDebtSecuritiesAvailableForSaleExcludingAccruedInterestMember" abstract="true" name="FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossAndDebtSecuritiesAvailableForSaleExcludingAccruedInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_FeesPerTheFeeArrangement" abstract="false" name="FeesPerTheFeeArrangement" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_GSEMember" abstract="true" name="GSEMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bsprt_LoanCommitmentsAndForwardSaleCommitmentsFairValue" abstract="false" name="LoanCommitmentsAndForwardSaleCommitmentsFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="bsprt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsSaleOfCommercialMortgageLoanHeldForSale" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsSaleOfCommercialMortgageLoanHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="bsprt_AgencyMember" abstract="true" name="AgencyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_TaxableREITSubsidiariesMember" abstract="true" name="TaxableREITSubsidiariesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_RealEstateOwnedMember" abstract="true" name="RealEstateOwnedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_OperatingExpensesAdjusted" abstract="false" name="OperatingExpensesAdjusted" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bsprt_CommercialRealEstateMortgageSecuritizationTransactionMember" abstract="true" name="CommercialRealEstateMortgageSecuritizationTransactionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bsprt_SecuritizationsNotesMember" abstract="true" name="SecuritizationsNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
