Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior loans collateralized by commercial real estate across North America, Europe, and Australia, as well as owned real estate assets and interests in joint ventures. The company earns interest income from a portfolio of senior loans typically secured by institutional-quality properties, leveraging Blackstone's extensive real estate platform, sourcing capabilities, and market networks to originate and acquire loans for client acquisitions, refinancings, and recapitalizations. The company funds its portfolio through diversified sources including credit facilities, securitizations, and syndications, operates as a REIT with no employees, and is externally managed by a Blackstone subsidiary.