$300M loan comes due on SoCal suburban mall, new JV buyer in workout negotiations
A $300 million loan on a megamall located in Lakewood, a suburb near Long Beach, comes due soon — and it is the largest June hard maturity, according to Trepp. A default appears unlikely. There are no missed payments, and a loan workout is in talks. Macerich owned the mall before selling it to a joint venture of Pacific Retail Capital Partners, Lyon Living and Silverpeak last summer for $332 million. The price tag included the assumption of a $317 million loan on the real estate, according to a Securities and Exchange Commission filing dated mid-August. The loan had an […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Newport Coast mansion in exclusive Crystal Cove sells for $39M
Northridge single-family property pitched for small-lot homes, ADUs
“Home Again”: Malibu mansion once owned by Barry Manilow and P!nk sells above 2022 price
The 2027 Met Gala Theme Has Been Announced—Here’s What We Know So Far
Trump Unveils 23K Gold Statues in Washington, D.C.
Bren’s Irvine Company gives to Dem’s Becerra for California governor
A Complete Guide to Nicole Kidman’s Real Estate Portfolio
The Beverly Hills Estate of a Prominent Arts Patron Lists for $25 Million
“Black-ish” creator Kenya Barris lists Beverly Hills estate for $21M three years after buying
Lush Foliage Surrounds This Serene Pasadena Midcentury Listed for $3.9M
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA