Blackstone Real Estate Income Trust obtained a $257 million mortgage from Barclays on 17 hotels with a total of 2,189 rooms across seven states; it still has $177 million of equity in the properties.
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The $325 million deal is backed by franchise fees and royalties; the collateral does not include profits from company-owned stores.
October 31 -
The €411 million deal puts it in the small club of UK managers that have completed three or more transactions in 2018.
October 31 -
Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,
October 30 -
It is issuing another $55 million of Series 2018-1 bonds backed by cell tower leases from its Diamond Issuer master trust; some $41 million will be deposited in a prefunding account.
October 30 -
The structure reduces counterparty risk in the GSE's benchmark Connecticut Avenue Securities program; it also expands the investor base.
October 30
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The New York-based firm is adding 4.9 years to the reinvestment period of the $518.6 million Neuberger Berman CLO XVIII.
October 30 -
The Federal Trade Commission, which issued a formal complaint against SoFi, is urging other lenders to review their advertisements for false claims about the benefits of refinancing.
October 29 -
The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.
October 29 -
The REIT formerly known as Sutherland Asset Management is pooling loans with an average balance of $583,029 on primarily single-tenant and owner occupied properties.
October 29 -
The notes are secured by a pool of 35 mid- to end-of-life aircraft, according to Fitch Ratings. The pool has a weighted average age of 13.9 years.
October 29 -
Sales of older vehicles are on the rise and prices are headed back up, so there's more collateral available and it is also performing better.
October 29 -
The $597 million AREIT 2018-CRE2 is also slightly less concentrated than the sponsor's inaugural deal, completed in February.
October 26













