$79.3M Refinance Loan Secured For The Outlet Shoppes At Atlanta

The Outlet Shoppes at Atlanta, a 404,906-square-foot retail center located at 915 Ridgewalk Parkway in Woodstock, Georgia, has secured a $79.3 million loan for refinancing. The property is owned by CBL Properties and Azionne Vorrice - Horizon Group Properties.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $79,300,000
• Loan Type: Refinance
• Loan Terms: Non-recourse, 10-year note bears a fixed interest-only rate of 7.85 percent

The loan, which is non-recourse, is a 10-year note with a fixed interest-only rate of 7.85 percent. The lenders have provided the necessary funds to refinance The Outlet Shoppes at Atlanta, ensuring the continuation of its operations and further investment in the property. This deal highlights the cooperation between CBL Properties and Azionne Vorrice - Horizon Group Properties in securing the financing for the retail center.