News
$90M Re-fi at Southlake
April 12, 2010
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| HFF arranged a $90M refinancing for four phases of Southlake Town Square (508k SF out of the 841k SF shopping center). HFF worked for Inland Western REIT (the borrower), to secure the seven-year, 6.25% fixed-rate loan through MetLife Real Estate Investments. The refinancing replaces maturing CMBS loans and a bank loan. HFF managing director Kevin MacKenzie tells us the project is generally regarded as the first and most successful mixed-use town center in DFW and statewide. The asset's prominence, along with strong tenant performance and the experience of Inland Western as an owner/manager made this a compelling loan opportunity, he adds. |
