News
TWO MALL FINANCINGS
January 26, 2012
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| HFF just arranged $26M in financing for Monroe Crossing in Monroe and University Mall in Chapel Hill, working on behalf of Madison Marquette Retail Enhancement Fund to arrange the loans. ?In a sometimes-challenging financing environment for non-fortress malls, the outcomes here represent a big win for our client,? HFF?s Mark Remington tells us. A $10M, five-year, floating-rate loan was placed with BB&T for Monroe Crossing and a $16M, three-year, floating-rate loan was placed with Pacific Coast Capital Partners for University Mall. Monroe Crossing, about 20 miles southeast of Charlotte, is anchored by Sears, JCPenney, and Belk. |
