First Internet Bancorp Agrees to Sell Nearly $1 Billion of Single Tenant Lease Financing Loans to Blackstone

Core Viewpoint - First Internet Bancorp has entered into an agreement to sell up to $869 million of performing single tenant lease financing loans to Blackstone Real Estate Debt Strategies, while retaining customer-facing servicing responsibilities for all loans sold [1] Group 1 - The transaction involves the sale of performing single tenant lease financing loans [1] - The total value of the loans being sold is up to $869 million [1] - Blackstone Real Estate Debt Strategies is the entity acquiring the loans [1] Group 2 - First Internet Bancorp will continue to handle customer-facing servicing responsibilities for the loans sold [1]