Blackstone Buys $1 Billion Small Business Loans in Forward Flow

Blackstone has partnered with Harvest Commercial Capital to acquire small business loans through an agreement it expects to grow to $1 billion.

Under the so-called forward-flow partnership, Harvest will originate loans that will be acquired by BXCI, the companies said. The loans will be secured by first lien mortgages on owner-occupied commercial real estate.

Forward flow agreements have been a popular way for private credit firms to partner with banks and other lenders to expand their origination capabilities.

“We’re focused on finding high quality assets that are a good fit for our approach, particularly with hard assets,” said Jack Ervasti, ...