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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
Blackstone Mortgage Trust, Inc.
Schedule IV – Mortgage Loans on Real Estate
As of December 31, 2022
(in thousands)

Type of Loan/BorrowerDescription / Location
Interest Payment Rates(2)
Maximum
 Maturity Date(3)
Periodic
 Payment
 Terms(4)
Prior
 Liens(5)
Face Amount
 of Loans
Carrying
 Amount of
 Loans(6)(7)
Senior Mortgage Loans(1)
Senior loans in excess of 3% of the carrying amount of total loans
Borrower AMixed-Use / Ireland+ 3.06%2024 I/O $— $1,033,286 $1,028,715 
Borrower BOffice / New York+ 4.49%2025 I/O —905,355898,541
Borrower CHospitality / Australia+ 4.75%2029 I/O 901,360893,114
Senior loans less than 3% of the carrying amount of total loans
Senior Mortgage LoansOffice / Diversified
+ 2.00% – 5.00%
2023 – 2028
 I/O & P/I —6,924,0926,893,477
Senior Mortgage LoansMultifamily / Diversified
+ 1.60% – 5.45%
Fixed 1.50%
2024 – 2028
 I/O & P/I —6,260,2946,221,889
Senior Mortgage LoansHospitality / Diversified
+ 2.20% – 4.75%
2023 – 2027
 I/O & P/I —3,958,0163,938,183
Senior Mortgage LoansIndustrial / Diversified
+ 2.60% – 4.60%
2024 – 2027
 I/O & P/I —1,587,7881,573,804
Senior Mortgage LoansMixed-Use / Diversified
+ 2.65% – 4.60%
2023 – 2029
 I/O —1,811,1261,801,511
Senior Mortgage LoansRetail / Diversified
+ 2.25% – 3.18%
2023 – 2027
 I/O & P/I —725,563721,805
Senior Mortgage LoansOther / Diversified
+ 3.25% – 4.70%
2024 – 2026
 I/O —660,473657,894
—21,927,35221,808,563
Total senior mortgage loans$— $24,767,353 $24,628,933 
continued…
Blackstone Mortgage Trust, Inc.
Schedule IV – Mortgage Loans on Real Estate
As of December 31, 2022
(in thousands)
Type of Loan/BorrowerDescription / Location
Interest Payment Rates(2)
Maximum
 Maturity Date(3)
Periodic
 Payment
 Terms(4)
Prior
 Liens(5)
Face Amount
 of Loans
Carrying
 Amount of
 Loans(6)(7)
Subordinate Loans(8)
Subordinate loans less than 3% of the carrying amount of total loans
Subordinate loansVarious / Diversified
+ 2.65% – 4.50%
2025 – 2028
 I/O $1,649,939 $392,990 $388,947 
Total subordinate loans$1,649,939 $392,990 $388,947 
Total loans$1,649,939 $25,160,343 $25,017,880 
CECL reserve(9)
(326,137)
Total loans, net$24,691,743 
(1)Includes senior mortgages and similar credit quality loans, including related contiguous subordinate loans, and pari passu participations in senior mortgage loans.
(2)The interest payment rates are expressed as a spread over the relevant floating benchmark rates, which include USD LIBOR, SOFR, SONIA, EURIBOR, and other indices, as applicable to each loan.
(3)Maximum maturity date assumes all extension options are exercised.
(4)I/O = interest only, P/I = principal and interest.
(5)Represents only third party liens.
(6)As of December 31, 2022, there were no loans with delinquent principal or interest.
(7)The tax basis of the loans included above is $23.6 billion as of December 31, 2022.
(8)Includes subordinate interests in mortgages and mezzanine loans.
(9)As of December 31, 2022, we had a total CECL reserve of $326.1 million on our loans receivable, of which $189.8 million is specifically related to five of our loans receivable with an aggregate outstanding principal balance of $930.0 million as of December 31, 2022. This CECL reserve reflects certain loans assessed for impairment in our portfolio, as well as macroeconomic conditions, including inflationary pressures and market volatility. Refer to Note 3 for additional information on our CECL reserve.
Reconciliation of Mortgage Loans on Real Estate:
The following table reconciles mortgage loans on real estate for the years ended:
 202220212020
Balance at January 1,$22,003,017 $16,572,715 $16,164,801 
Additions during period:
Loan fundings6,810,21812,550,4631,896,276
Amortization of fees and other items80,63268,26756,279
Deductions during period:
Loan repayments and sales proceeds(3,168,155)(6,733,105)(1,862,955)
Principal charge-offs—(14,427)—
Unrealized (loss) gain on foreign currency translation(632,902)(297,894)340,260
Deferred fees and other items(74,930)(143,002)(21,946)
Balance at December 31,$25,017,880 $22,003,017 $16,572,715 
CECL reserve(326,137)(124,679)(173,549)
Net balance at December 31,$24,691,743 $21,878,338 $16,399,166