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Blackstone Secures $617 Million Refinance Loan Across Multifamily Properties In Multiple States

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FINANCED
$617,000,000
Peter Griesinger
Tom Rugg
+ 2

Nevada

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MultiFamily
Financed 03/10/2026
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FINANCED

Blackstone Secures $617 Million Refinance Loan Across Multifamily Properties In Multiple States

3295 Casey Drive, 1774 Metro Avenue, 7100 Grand Montecito Parkway, 2650 Dade Avenue, 1760 Lakes Parkway, 9550 Twenty Mile Road, 17455 Northwest 94th Court, 10757 Lemon Avenue & 1411 Northwest Quimby Street

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MultiFamily
Financed 03/10/2026
Peter Griesinger
Tom Rugg
+ 2
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Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction encompasses a multifamily complex totaling 2,936 units, strategically located across multiple addresses: 3295 Casey Drive, 7100 Grand Montecito Parkway; 1774 Metro Avenue, 10757 Lemon Avenue; 1760 Lakes Parkway; 9550 Twenty Mile Road; 17455 Northwest 94th Court; and 1411 Northwest Quimby Street. The properties are situated within various market areas including Las Vegas, NV; Chula Vista & Rancho Cucamonga, CA; Lawrenceville, GA; Parker, CO; Hialeah, FL; and Portland, OR. A refinance loan amounting to $617,000,000 was secured for the asset.

Summary of transaction details:

The key individuals and companies involved in this transaction include prominent lenders such as Morgan Stanley, Barclays, BNP Paribas, Societe Generale, and Natixis. Blackstone stands as the landlord, supported by a team of representatives from CBRE, including Tom Rugg, Thomas Traynor, Peter Griesinger, Arman Samouk, and Kayla Kaloostian, who facilitated the transaction.

Players

Thomas (Tom) Traynor
39 deals$15B volume
BROKER

Peter Griesinger
CBRE
8 deals$2.1B volume(212) 656-0587
BROKER

Tom Rugg
CBRE
22 deals$8.2B volume(212) 984-8112
BROKER

Arman Samouk
CBRE
6 deals$2.8B volume(212) 895-0953
BROKER

Kayla Kaloostian
CBRE
3 deals$1.5B volume(212) 984-8376
BROKER

Societe Generale
LENDER



Natixis
LENDER

Blackstone
LANDLORD

Details

FINANCED
IMAGE: Thomas Traynor, Tom Rugg, Ted Pick, Kwasi Benneh, Stephen A. Schwarzman, Jon Gray, Peter Griesinger, Kayla Kaloostian & Arman Samouk DATE: 3/10/2026 ADDRESS: 3295 Casey Drive, 7100 Grand Montecito Parkway; 1774 Metro Avenue, 10757 Lemon Avenue; 1760 Lakes Parkway; 9550 Twenty Mile Road; 17455 Northwest 94th Court & 1411 Northwest Quimby Street MARKET: Las Vegas, NV; Chula Vista & Rancho Cucamonga, CA; Lawrenceville, GA; Parker, CO; Hialeah, FL & Portland, OR ASSET TYPE: Multifamily ~ UNITS: 2,936 LENDER: Morgan Stanley (@Morgan.Stanley), Barclays (@BarclaysBankUS), BNP Paribas, Societe Generale & Natixis LANDLORD: Blackstone LANDLORD'S REP: Tom Rugg, Thomas Traynor, Peter Griesinger, Arman Samouk (@ArmanSamouk) & Kayla Kaloostian (@KaylaKaloostian) - CBRE (@CBRE) LOAN AMOUNT: $617,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$617,000,000.00

Monthly NOI$4,113,333.33
Monthly Debt Service$3,899,859.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00