BX Pure Industrial Issuer Trust Canada issues a C$479.75M commercial mortgage-backed security (Series 2025-PURE3)
On October 30, 2025, BX Pure Industrial Issuer Trust Canada issued a C$479.75 million commercial mortgage-backed security (Series 2025-PURE3), secured by 37 industrial properties in Toronto, Vancouver and Quebec. The mortgage loan closed on or about October 30, 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 LLP 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 Daniel Korman (Real Property and Planning).
