BX Pure Industrial Issuer Trust Canada issuance of a C$617.5M commercial mortgage-backed security (Series 2025-PURE2) in April 2025

In April, 2025, BX Pure Industrial Issuer Trust Canada issued a C$617.5 million commercial mortgage-backed security (Series 2025-PURE2), secured by 31 industrial properties in Toronto and Vancouver. The mortgage loan closed on or about April 15, 2025, with proceeds used to pay off existing debt, return equity, and cover closing costs.
BX Pure Industrial Issuer Trust Canada is a special purpose trust established in Ontario to support the issuance of CMBS securities.
McCarthy Tétrault advised BX Pure Industrial Issuer Trust Canada with a team led by Marc MacMullin that included Simon Fitzpatrick, Dean Masse, Jeremy White, Zach Kroll, Novalee Davy (Business), John Currie, George Plummer, and Nicholas Sciuk (Real Property).
People
- John C. Currie
Partner, Practice Group Leader, Real Property and Planning
People.Offices.Singular Toronto