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

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:

• Property Type: Multifamily
• Transaction Amount: $617,000,000
• Lender: Morgan Stanley, Barclays, BNP Paribas, Societe Generale, Natixis
• Landlord: Blackstone
• Landlord's Representatives: Tom Rugg, Thomas Traynor, Peter Griesinger, Arman Samouk, Kayla Kaloostian - CBRE
• Loan Type: Refinance

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.