Blackstone borrows $1.1B for multifamily portfolio

  • $1100000000
Closed Deal Loan

Blackstone borrows $1.1B for multifamily portfolio

Los Angeles, CA, USA
  • $1100000000
The Landlord of Los Angeles, CA, USA received a loan for 1100000000 on the Multi Family property.The deal closed 20 days ago.

Building Info

  • Units: 5448
  • Property Type: Multi Family

Location

  • Address Los Angeles, CA, USA
  • City Los Angeles
  • State/county California
  • Country United States

Description

LOAN
IMAGE: Frank Cohen
DATE: 11/11/2021
MARKET: Orlando, Georgia, Texas, Nevada, Colorado, California & Ohio
ASSET TYPE: Multifamily

LENDER: Bank of America, Wells Fargo & Société Générale
LANDLORD: Blackstone Real Estate Income Trust – Frank Cohen

LOAN AMOUNT: $1,100,000,000
UNITS: 5,450
LOAN TYPE: Refinance
LOAN TERMS: 2-year, interest-only & floating-rate

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