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Bank of America To Refinance Blackstone's Fulham Portfolio With New CMBS

Strong Performance Spurred Refinancing
Taurus 2020-2 UK DAC is backed by the £871.4 million Fulham portfolio, which comprises 285 mostly urban logistics and multi-let industrial properties. (Ronny Hartmann/AFP via Getty Images)
Taurus 2020-2 UK DAC is backed by the £871.4 million Fulham portfolio, which comprises 285 mostly urban logistics and multi-let industrial properties. (Ronny Hartmann/AFP via Getty Images)

Bank of America is planning to refinance the Taurus 2020-2 UK DAC CMBS with a new CMBS, CoStar News understands. The new CMBS, Taurus 2021-4 UK DAC, will refinance Blackstone Group’s Fulham portfolio as it has been “performing extremely strongly at the asset level”, according to a source. Documents for the new CMBS have been filed with the U.S. Securities and Exchange Commission.

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