Blackstone classifies $1.3 billion in CMBS loans as special mention
BX Blackstone Inc
$110.34 +3.03%
View chart & analysis → - 1$1.3 billion in Blackstone's CMBS loans were classified as special mention following their maturity earlier this month.
- 2Blackstone has been selling a portfolio of 21 assets and 6,671 units since 2023.
- 3Blackstone lost control of the asset related to its $90 million loan for 75 West Apartments due to a default last summer.
So what's the key point?
$1.3 billion in loans provided by Blackstone has been classified as special mention after passing its maturity date. This has also caused Blackstone to lose rights to certain assets.
Source The Real Deal +3 · View original ↗
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