**ROBUST CAPITALIZATION**
 - BXMT’s scale and strong track record afford consistent access to a wide variety of asset-level and corporate capital
options, supporting efficient execution and balance sheet stability throughout market environments


<figure type="DIAGRAM">

<description>The image is a diagram consisting of a cluster of seven interconnected hexagonal shapes on the left and three text blocks on the right. The central hexagon is labeled 'Equity' and is surrounded by six other hexagons, each containing a specific financial term. The surrounding hexagons are: 'Term Loan B' (top left, dark blue), 'Credit Facilities' (top right, teal), 'Securitized Debt Obligations' (middle right, light teal), 'Asset-Specific Financings' (bottom right, lime green), 'Convertible Notes' (bottom left, tan), and 'Secured Notes' (middle left, light grey). To the right of this cluster are three stacked rectangular text blocks, each containing a large monetary figure and a description: '$12.5B+ Total corporate capital transactions since inception', '$7.0B+ Total securitized debt transactions since inception', and '$9.0B+ Available credit facility capacity across 16 counterparties'.</description></figure>

Blackstone Mortgage Trust, Inc.


Blackstone


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