Blackstone Skips Payment on $274M Resort Loan

Blackstone (NYSE:BX) skipped a payment on a $274M resort mortgage loan, adding another to the group that has defaulted on debt through the coronavirus disaster.

The debt is secured by 4 properties in Chicago, Philadelphia, Boston and San Francisco.

Blackstone in April had requested various modifications and forebearances with the mortgage administrator, noting that the the properties had been closed.

READ FULL ARTICLE HERE