28
Nov
Blackstone Remains Active Player in CMBS, Taps Market to Refi $3.33 Billion in Property Loans
JW Marriott Grande Lakes, OrlandoBlackstone Group (NYSE:BX) affiliates have completed three more major property refinancings in the commercial mortgage backed securities markets in recent weeks.
The CMBS trust balances total more than $3.33 billion with all but $700 million of the loan proceeds being used to refinance hotel properties.
Blackstone’s refinancing activity has been a huge driver of single-borrower CMBS issuance this year. According…
Source: Costar News
