Ropes & Gray Advises Blackstone Mortgage Trust on $1 Billion Commercial Real Estate Securitization

In The News
April 3, 2025

Ropes & Gray advised Blackstone Mortgage Trust, Inc. (BXMT) on its $1 billion commercial real estate loan securitization, which closed on March 27, 2025 and marks BXMT's first securitization since 2021. The transaction, completed in less than four weeks following kick-off, required Ropes & Gray to transfer, restructure and refinance 16 mortgage and mezzanine loans secured by 90 commercial properties.

This transaction underscores Ropes & Gray's expertise and leadership in the commercial real estate finance market, successfully navigating complex financing structures on quick deal timelines to achieve significant outcomes for our clients. 

The Ropes & Gray team was led by real estate partners Anthony Mongone and Dan Stanco.