# Blackstone's $1.3B CMBS Loan Heads to Special Servicing

> Blackstone's $1.3 billion CMBS loan faces special servicing after Sun Belt apartment distress intensifies.
- Title: Blackstone's $1.3B CMBS Loan Heads to Special Servicing
- Summary: Blackstone's $1.3 billion CMBS loan faces special servicing after Sun Belt apartment distress intensifies. Blackstone's $1.3 billion CMBS loan for Sun Belt…
- Keywords: blackstone, cmbs loan, special servicing, sun belt, apartment distress, multifamily, interest rates, forbearance, real estate, business, Blackstone's, CMBS
- Source: The Real Deal — https://therealdeal.com/national/2026/10/19/blackstones-1-3b-cmbs-loan-hits-special-servicing
- Author: Jess Hardin
- Published: 2026-10-19T20:15:00+00:00
- Read time: 1 min
- Topics: blackstone, cmbs loan, special servicing, sun belt, apartment distress, multifamily, interest rates, forbearance, real estate, business
## Blackstone's $1.3B CMBS Loan
Blackstone's $1.3 billion CMBS loan was flagged for special servicing after maturing earlier this month.
## Sun Belt Apartment Distress
Sun Belt apartment distress isn't just for multifamily syndicators, with Blackstone offloading properties since 2023.
## Widespread Distress
Interest rate hikes have caused widespread Sun Belt apartment distress, with Texas troubled loans topping $1 billion in October 2026.
## Key takeaway

Blackstone's $1.3 billion CMBS loan for Sun Belt apartments is now in special servicing due to widespread distress from interest rate hikes.