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Mortgage REITs Post Record Loan Origination Activity

(COSTAR) - 6 months, 3 weeks ago
 Blackstone Mortgage provided $1.8 billion construction financing the Spiral, Tishman Speyer's $3.6 billion office development in the Hudson Yards market in New York City. The cost loan will be supported by $1.9 billion of cash equity in the project that is 28 percent pre-leased to Pfizer. Some publicly held mortgage real estate investment trusts are posting record loan origination numbers this year and raising millions more to extend their hot streak......
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