Updated Aug 13, 2025
Stephen A. Schwarzman Of Blackstone Secures $1.4B Refinance Loan For Industrial Portfolio In US
$1,400,000,000
$144/SF
Building Size
9,700,000 SF
Asset Type
Industrial
Closing
Aug 4, 2025
About this deal
AI
The asset involved is an industrial portfolio consisting of 67 properties that total 9,700,000 square feet located in the United States.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000,000
- Loan Type: Refinance
- Loan Terms: two-year, floating-rate, interest-only
- Lender: Wells Fargo, Bank of America, Natixis, Societe Generale
- Landlord: Stephen A. Schwarzman - Blackstone
- Coverage: $1.37B in existing debt, $28M in closing costs, $125M in unencumbered assets
- Management: Link Logistics
This transaction represents the role of Blackstone Real Estate Partners in securing financing for the refinancing of the industrial portfolio. The deal was completed with the involvement of several major lenders, facilitating the management of the properties under Link Logistics.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93