Blackstone Mortgage Trust and M&T Realty Capital Announce Agency Multifamily Lending Partnership
Blackstone Mortgage Trust (NYSE: BXMT) and M&T Realty Capital announced a partnership to provide BXMT borrowers with access to multifamily agency financing. This collaboration will leverage M&T Realty Capital's Fannie Mae DUS® and Freddie Mac Optigo® lending platforms to offer conventional and affordable multifamily loans. The partnership aims to expand BXMT's loan offerings, providing comprehensive financing solutions to its borrowers. Katie Keenan, CEO of Blackstone Mortgage Trust, highlighted that BXMT has originated over $12 billion in multifamily bridge loans over the past decade. Michael Edelman, CEO of M&T Realty Capital, emphasized the partnership's alignment with their strategy to expand their customer base and national multifamily lending platform.
- Partnership expands BXMT’s access to multifamily agency financing.
- BXMT borrowers gain access to Fannie Mae DUS® and Freddie Mac Optigo® lending platforms.
- Enhanced range of capital solutions for BXMT’s borrowers.
- BXMT has originated over $12 billion in multifamily bridge loans in 10+ years.
- Alignment with M&T Realty Capital's strategy to expand customer base and national lending platform.
- None.
Insights
The partnership between Blackstone Mortgage Trust (BXMT) and M&T Realty Capital Corporation has strategic implications for both entities. By leveraging M&T Realty Capital’s established Fannie Mae DUS® and Freddie Mac Optigo® lending platforms, BXMT can now offer a wider array of financing solutions. This move can attract more borrowers looking for multifamily financing, thereby potentially increasing BXMT’s loan volume.
From a financial perspective, this partnership could lead to increased revenue streams for BXMT, as it expands its product offerings to include agency loans. However, it's important to monitor the execution of this partnership and its actual impact on BXMT's earnings. Investors should be aware that while this expands BXMT’s capabilities, it also introduces additional operational complexities and dependencies on M&T Realty Capital's platforms.
In the short-term, this partnership may drive positive sentiment among investors due to the enhanced range of financing options. Long-term, the potential for increased loan volume and diversified revenue streams can lead to sustainable growth, provided the partnership is effectively managed.
This partnership is particularly significant in the context of the current real estate market. Multifamily housing remains a robust sector and the availability of comprehensive financing solutions is a critical factor for property developers. By teaming up with M&T Realty Capital, BXMT strengthens its position as a key player in multifamily lending, potentially attracting a broader customer base.
Moreover, the ability to offer Fannie Mae and Freddie Mac loan products through this partnership provides BXMT's borrowers with more favorable financing terms and greater flexibility, addressing both transitional and permanent financing needs. This can enhance BXMT's competitive edge in the multifamily sector, which remains highly competitive with numerous financing options available.
For investors, it's important to recognize that such partnerships can drive demand for multifamily loans, especially in a market where affordable housing remains a pressing need. The partnership could lead to increased loan originations, potentially boosting BXMT's market share in the multifamily sector.
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
M&T Realty Capital is a full-service mortgage banking firm specializing in providing competitive financing for income-producing commercial properties throughout
“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
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
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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Source: Blackstone Mortgage Trust, Inc.
FAQ
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