Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S
Lending / The Ticker

Originations save Blackstone Mortgage Trust 4Q earnings

Total loan origination portfolio reaches $2 billion

money flare

New York-based Blackstone Mortgage Trust (BXMT) recorded a net income for the full year of $15 million, or 81 cents per share, driven by significant growth in the loan origination portfolio.

The total loan origination portfolio reached $2 billion in the fourth quarter, with a weighted average loan-to-value ratio of 65%.

For the fourth quarter, Blackstone posted and net income of $7.1 million, or 24 cents per share.

 “We continue to successfully execute on the strategy we articulated in May, growing our portfolio of floating rate loans to $2.0 billion and generating Core Earnings of $0.41 for the fourth quarter,” Stephen Plavin, CEO, said.

“Our operating advantages as part of the Blackstone real estate platform have enabled us to build a high quality loan portfolio and maintain great access to efficient debt and equity capital that we have raised and deployed in a highly disciplined manner,” Plavin added.   

Recent Articles by Brena Swanson

Comments powered by Disqus