Issuers prep massive Blackstone showroom CMBS

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By Max Adams
01 May 2019

A consortium of banks is preparing to issue a $1.15bn single borrower CMBS deal backed by a portfolio of showroom properties owned by Blackstone.

The deal, BX 2019-IMC, is a floating rate transaction that will be offered in seven tranches, ‘A’ to ‘G’. The $330.8m senior class ‘A’ tranche has a triple-A rating from S&P Global Ratings.

CitiDeutsche BankJP Morganand Wells Fargo issued the underlying two year floating rate ...

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