Blackstone taps CMBS to refinance medical properties

A genuine estate investment account tranquil by a Blackstone Group is drumming a blurb debt bond marketplace to refinance a portfolio of life science, laboratory and medical properties, according to SP Global.

Blackstone Real Estate Partners VIII performed a $330 million debt on a portfolio, that consists of 18 buildings located in 5 states, from dual banks, Citigroup and Deutsche Bank. Citi and Deutsche are now regulating a floating-rate loan, that has an initial tenure of dual years and can be extended to as prolonged as 5 years, as material for a single-asset CMBS called CGDB Commercial Mortgage Trust 2017-BIO.

Article source: http://www.nationalmortgagenews.com/news/blackstone-taps-cmbs-to-refinance-medical-properties

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