Blackstone Mortgage Trust and M&T Realty Capital Announce Agency Multifamily Lending Partnership
14 Junio 2024 - 8:03AM
Business Wire
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) and M&T Realty
Capital Corporation (M&T Realty Capital) announced today that
they have entered into a partnership that will establish a
dedicated team to enable BXMT borrowers to access multifamily
agency financing for conventional and affordable multifamily loans
through M&T Realty Capital’s Fannie Mae DUS® and Freddie Mac
Optigo® lending platforms.
BXMT is a leading provider of floating rate, first mortgage
financing with significant expertise in the multifamily sector.
This partnership will expand the company’s access to agency loan
product offerings through M&T Realty Capital, providing BXMT’s
borrowers with comprehensive access to transitional and permanent
multifamily financing solutions.
Katie Keenan, Chief Executive Officer of Blackstone Mortgage
Trust, said, “We are thrilled to have access to the agency
multifamily lending market through M&T’s established team and
business. BXMT has been a major capital provider to apartment
owners since inception, having originated over $12 billion of
multifamily bridge loans over the past 10+ years. The partnership
with M&T enhances the range of capital solutions we can provide
to our borrowers.”
M&T Realty Capital is a full-service mortgage banking firm
specializing in providing competitive financing for
income-producing commercial properties throughout the United
States. As a subsidiary of M&T Bank (NYSE: MTB), M&T Realty
Capital offers vast capabilities with a personal, attentive, and
trustworthy approach.
“We’re excited to partner with BXMT,” said Michael Edelman,
Chief Executive Officer of M&T Realty Capital. “This agreement
adds another important dimension to our M&T Bank relationship
with BXMT and reflects the current M&T CRE innovation strategy
of expanding our customer base and growing our national multifamily
lending platform.”
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance
company that originates senior loans collateralized by commercial
real estate in North America, Europe, and Australia. Our investment
objective is to preserve and protect shareholder capital while
producing attractive risk-adjusted returns primarily through
dividends generated from current income from our loan portfolio.
Our portfolio is composed primarily of loans secured by
high-quality, institutional assets in major markets, sponsored by
experienced, well-capitalized real estate investment owners and
operators. These senior loans are capitalized by accessing a
variety of financing options, depending on our view of the most
prudent strategy available for each of our investments. We are
externally managed by BXMT Advisors L.L.C., a subsidiary of
Blackstone. Further information is available at www.bxmt.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to deliver compelling returns for institutional and individual
investors by strengthening the companies in which we invest. Our
more than $1 trillion in assets under management include global
investment strategies focused on real estate, private equity,
infrastructure, life sciences, growth equity, credit, real assets,
secondaries and hedge funds. Further information is available at
www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter),
and Instagram.
About M&T Realty Capital Corporation
(www.mtrcc.com)
M&T Realty Capital Corporation® (www.mtrcc.com) is a
wholly-owned subsidiary of M&T Bank – the principal banking
subsidiary of the M&T Bank Corporation, one of the top 15
U.S.-based commercial bank holding companies. M&T Realty
Capital Corporation specializes in providing competitive financing
nationwide for multifamily properties, commercial income
properties, and healthcare facilities. M&T Realty Capital
Corporation is a fully accredited Fannie Mae DUS® lender, a Freddie
Mac Optigo® lender, an approved FHA/HUD MAP and LEAN lender, and
also offers life insurance company and CMBS financing through
correspondent relationships.
Equal Housing Lender. ©2024 M&T Realty Capital Corporation.
Member FDIC. NMLS #1024366. M&T Realty Capital Corporation is a
wholly-owned subsidiary of M&T Bank. Member FDIC. “DUS®” is a
registered trademark of Fannie Mae. “Optigo®” is a registered
trademark of Freddie Mac.
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which reflect BXMT’s current views with respect to, among other
things, its operations and financial performance, its business
plans and expected benefits of the BXMT and M&T partnership.
You can identify these forward-looking statements by the use of
words such as “outlook,” “objective,” “indicator,” “believes,”
“expects,” “potential,” “continues,” “may,” “will,” “should,”
“seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”
or the negative version of these words or other comparable words.
Such forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. BXMT believes these
factors include but are not limited to those described under the
section entitled “Risk Factors” in its Annual Report on Form 10-K
for the fiscal year ended December 31, 2023, as such factors may be
updated from time to time in its periodic filings with the
Securities and Exchange Commission (“SEC”) which are accessible on
the SEC’s website at www.sec.gov. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this presentation
and in the filings. BXMT assumes no obligation to update or
supplement forward‐looking statements that become untrue because of
subsequent events or circumstances.
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M&T Realty Capital Corporation Corporate
Communications Frank Lentini M&T Bank flentini@mtb.com +1 (929)
651-0447 Blackstone Investor Relations +1 (888) 756-8443
BlackstoneShareholderRelations@Blackstone.com Public Affairs +1
(212) 583-5263 PressInquiries@Blackstone.com
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