Blackstone To Refinance $1.78 Billion Portfolio Loan Balance, Higher Interest Rates Slow Down Deals, Dell Captures $265 Million From Boca Raton Resort

Blackstone To Refinance $1.78 Billion Portfolio Loan Balance: After mulling a one-year extension for a $1.27 billion property portfolio loan set to mature last month, a Blackstone Group fund has lined up a refinancing. Deutsche Mortgage filed a preliminary notice with the Securities and Exchange Commission for a new commercial mortgage-backed securities offering, LIFE 2022-BMR2, tied to a loan on 23 laboratory and office properties and one multifamily complex located in Massachusetts, California, Colorado and Washington. A consortium of lenders led by German American Capital agreed to fund the note. Other lenders include JPMorgan Chase, Goldman Sachs and Wells Fargo. The amount of the loan was not disclosed.