$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
Spacon fills Edition Denmark in Seoul with vintage Danish furniture and found objects
Engine looks to reposition Beastie Boys legacy into retail hotspot in Atwater Village
Luxury ocean liners inform New York's Kimpton Era hotel by INC
Mauricio for Mayor?
How Two Friends Turned a Timeworn Connecticut Garage Into a Vintage-Inspired Barnhouse
Kris Jenner cuts price, relists Hidden Hills home for $11M
Taylor Swift’s “Blank Space” Castle Heads to Auction—Plus 6 More Luxury Homes for Sale
ELLE Decoroscope: Your October Design Horoscope Is Here
Madonna Just Paid Nearly $25 Million for Angelina Jolie’s L.A. Estate
Brentwood home of LACMA co-founder, legal giant hits market for $30M
"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