Sidley Aids Deutsche In $2B Blackstone Rental Program Loan

Law360, New York (March 14, 2013, 2:12 PM ET) -- The Blackstone Group has nabbed a $2.1 billion loan from a lender consortium led by Deutsche Bank in a landmark deal for its growing program aimed at scooping up thousands of foreclosed single-family properties to turn into rentals, several sources confirmed to Law360 Thursday.

With the deal, Blackstone significantly expanded on an earlier $600 million package — making for a third iteration on a deal that originally began at the $300 million mark with Deutsche Bank. Other lenders in the group included Credit Suisse Group AG...
To view the full article, register now.