Here’s one very large commercial mortgage that is not being carved up in to bits.

On July 7, BSHH LLC, an entity controlled by the Blackstone Group, obtained a $1.4 billion loan from Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase. Proceeds, along with an additional $281.5 million of mezzanine debt, were used to refinance approximately $1.6 billion of debt secured by a portfolio of 96 lodging properties with 12,447 keys.

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