05:19 PM EDT, 09/10/2025 (MT Newswires) -- First Internet Bancorp ( INBK ) and Blackstone (BX) said late Wednesday that First Internet Bank has struck a deal to sell up to $869 million of performing single-tenant lease financing loans to Blackstone Real Estate Debt Strategies vehicles.

The bank will retain customer-facing servicing responsibilities for all loans sold as part of this transaction, the companies said.

The loans will be sold at about 95% of their unpaid principal balance, the firms said. They expect to close the deal Sept. 18.