Blackstone Real Estate Debt Strategies launches homebuilder lending platform
The platform is expected to enable more than 50,000 for-sale homes a year.
Blackstone Real Estate Debt Strategies has moved into homebuilder finance, launching a lending platform that it said it expects will enable the construction of more than 50,000 for-sale homes across the United States annually.
The platform is supported by BREDS portfolio company Brio Homebuilder Solutions and partnerships with third parties.
That puts BREDS into residential construction finance rather than the income-producing property lending more usually associated with real estate credit managers.
Sources: blackstone.com


