NEW YORK--(BUSINESS WIRE)--BlackRock announced today that the firm’s real estate business has completed the financing of both the construction loan and second mortgage loan on Versailles, a residential property located in Philadelphia’s prime Centre City area. The second mortgage has an equity conversion option that, when exercised, will allow one of BlackRock’s real estate funds to take an ownership position in Versailles in partnership with Alterra Property Group. Built in 1921, Versailles is