Stephen A. Schwarzman Of Blackstone Secures $1 Billion Refinance Loan For Multifamily Portfolio

$1,000,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Aug 6, 2026

A refinancing loan of $1 billion has been secured for a 15-property multifamily portfolio consisting of 6,041 units across seven states including Florida, Texas, Georgia, Arizona, Tennessee, California, and South Carolina. The financing is arranged as a floating-rate, interest-only structure.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $1,000,000,000
Loan Type: Refinance
Loan Terms: floating-rate, interest-only
Lender: Morgan Stanley, Barclays, Natixis, Royal Bank of Canada, Bank of Nova Scotia
Landlord: Stephen A. Schwarzman - Blackstone
Units: 6,041
Market: Florida, Texas, Georgia, Arizona, Tennessee, California, South Carolina
Largest Loan Amount Allocated: $226 million for Legacy North in Plano, Texas
Sponsor Equity: $24.9 million from Blackstone

This transaction involves key financial institutions as lenders, including Morgan Stanley, Barclays Capital, Natixis, Royal Bank of Canada, and The Bank of Nova Scotia, collaborating to co-originate the financing for the multifamily portfolio managed by Stephen A. Schwarzman of Blackstone.

Players