Blackstone Gets $252M Repo Financing
Advances are priced at Libor plus between 200 and 325 basis points depending on the attributes of the purchased assets. The maturity date is Dec. 20, 2016.
Blackstone is a commercial mortgage real estate investment trust headquartered in New York which purchases loans on properties located in the U.S and in Europe.
YOU GOTTA LOVE THIS ONE. THEY CAUSE MILLIONS OF FRAUDULENT FORECLOSURES AND NOW ARE YOUR NEW LANDLORDS.
Blackstone has spent $7.5 billion on about 40,000 homes, the most of any firm after homes prices plunged as much as 35 percent from the 2006 peak. The New York-based firm has obtained $3.6 billion in credit lines from lenders led by Deutsche Bank. Christine Anderson, spokeswoman for New York-based Blackstone, declined to comment on the bond offering, which is also being arranged by Credit Suisse Group AG and JPMorgan Chase & Co. (JPM)
Renters in the U.S. occupy about 14 million single-family homes worth as much as $2.8 trillion, according to Goldman Sachs Group Inc. Demand for leased housing is increasing as fewer Americans are able to qualify for a mortgage after the financial crisis, which forced millions of homeowners into foreclosure.
ALL THE THIEVES JOIN TOGETHER