Term Sheet: Blackstone’s agency appetite; Miami’s skyline refresh; Blue Light’s credit expansion

Blackstone solidifies an agency lending partnership with bank affiliate M&T Realty Capital for more conventional and affordable multifamily asset lending; Miami's lending momentum holds steady with Related and Bank OZK reshaping the skyline through a Property Markets Group-led joint venture; Blue Light Capital launches a bespoke credit business and makes a string of senior hires to ride the credit expansion wave; and more in today’s Term Sheet, exclusively for our valued subscribers.