Developer Buys Back Into Troubled Blackstone Hotels: A lender to Blackstone Group, which has been in default on four Club Quarters hotels since the early days of the COVID-19 pandemic, has sold a commercial mortgage-back securities mezzanine loan supporting the portfolio to a new, but familiar, investor.
Developer Buys Back Into Troubled Blackstone Hotels, CMBS Deal Activity Picks Up, Senior Housing Stress for Fannie, Freddie
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
August 3, 2023 | 12:08 P.M.
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IN THIS ARTICLE
- Properties
- Club Quarters San Francisco, Embarcadero
424 Clay St, San Francisco, CA
- Companies
- Blackstone Inc.
Finance and Insurance
- Freddie Mac
Finance and Insurance
- Fannie Mae
Finance and Insurance
- Contacts
- Chryssa Halley
EVP & Chief Financial Officer, Fannie Mae