Blackstone jumps into hot CMBS market to finance two portfolios
Blackstone is in the CMBS market this week with $1.4bn of paper across two deals, financing a pool of office properties in one of California’s media and entertainment hotspots and a group of furniture store rooms in Las Vegas and North Carolina.
With spreads on a downward trend, commercial real estate lenders are flocking to CMBS for financing, with three new deals surfacing this week on top of two being priced.
Blackstone launched two new CMBS deals this week to quickly finance portfolios acquired in September.
One is a fixed
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