Daily Market Updates: Blackstone’s 2021 $1.3B CMBS Multifamily Loan Hits Special Servicing

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Blackstone’s 2021 $1.3B CMBS Multifamily Loan Hits Special Servicing

Reported · Written up by our desk · Residential

The Sun Belt multifamily distress hampering apartment owners who borrowed before interest rates spiked has hit a private equity giant. A $1.3 billion Blackstone commercial mortgage-backed securities (CMBS) loan with a $517.7 million balance issued in fall 2021 has entered special servicing after missing its October 2026 maturity date, according to a Morningstar Credit alert […]

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Sources

Commercial ObserverBlackstone’s 2021 $1.3B CMBS Multifamily Loan Hits Special Servicing

Real Estate

Blackstone’s 2021 $1.3B CMBS Multifamily Loan Hits Special Servicing

More like this

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