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Blackstone Lands Apartment Refinancing, More Delinquencies and Defaults Expected, A Busy Two Weeks

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The 740-unit Cortland Mirror Lake in Apopka, Florida, is the largest complex leading a new Freddie Mac offering. (CoStar)
The 740-unit Cortland Mirror Lake in Apopka, Florida, is the largest complex leading a new Freddie Mac offering. (CoStar)

Blackstone Lands Apartment Refinancing: Blackstone Real Estate Income Trust and multifamily investor and operator Cortland have completed a $295 million refinance of 16 suburban apartment properties, according to a new commercial mortgage-backed securities offering from Freddie Mac.

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