Deals
Blackstone Said to Get $2.1 Billion Loan for Home Purchases
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Blackstone Group LP, manager of the largest real estate private-equity fund, has expanded a credit line to buy single-family homes to $2.1 billion from $600 million, according to a person with knowledge of the deal.
Deutsche Bank AG leads the syndicate of banks, said the person, who asked not to be named because the loan is private. Other lenders include Bank of America Corp., Credit Suisse Group AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co.