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Blackstone Real Estate Debt Strategies provides $195 million term loan facility secured by residential property in Florida; engages in successful post-maturity resolution involving borrower bankruptcy proceeding and asset sale resulting in payoff in full

July 2025

Client(s) Blackstone Real Estate Debt Strategies

Jones Day represented an affiliate of Blackstone Real Estate Debt Strategies in connection with an $195 million term loan secured by a multi-family residential property in Boca Raton, Florida, including origination of a $195 million real estate secured facility in 2021 and then the ultimate successful resolution in 2025 of the debt through a UCC foreclosure proceeding, which led to a contested borrower bankruptcy proceeding and ultimately a court mandated asset sale resulting in full repayment of the loan, and all accrued default interest and expenses.

Contacts

July 2025 Experience

Wells Fargo provides $330 million term loan for acquisition of six student housing facilities

July 2025 Experience

Eldridge Industries provides $250 million mortgage and mezzanine loans

June 2025 Experience

Large financial institution provides $165 million syndicated senior secured credit facility to leading egg and dairy farm supplier

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