Blackstone Mortgage Trust grows portfolio to record $11B

Blackstone Mortgage Trust grew its loan portfolio by 16 percent to a record $11.1 billion amid strong lending in 2017. The mortgage real estate investment trust issued $1.2 billion in new loans in the fourth quarter and $4.8 billion over the entire year — up 37 percent from 2016. The growth comes amid an increase in competition among non-bank commercial real estate lenders, particularly in New York. A number of real estate investment firms have […]

Source: Real Estate

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