$79.3M Refinance Loan Secured For The Outlet Shoppes At Atlanta | 915 Ridgewalk Parkway | Retail | Loan

Summary

Loan

GEORGIA

Retail

404,906 sqft

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.

Details

Deal Summary

FINANCED

IMAGE: Azionne Vorrice DATE: 10/04/2023 ADDRESS: 915 Ridgewalk Parkway MARKET: Woodstock, GA ASSET TYPE: Retail ~ SF: 404,906 LANDLORD: CBL Properties & Azionne Vorrice - Horizon Group Properties LOAN AMOUNT: $79,300,000 LOAN TYPE: Refinance LOAN TERMS: Non-recourse, 10-year note bears a fixed interest-only rate of 7.85 percent NOTE: CBL Properties and Horizon Group Properties have secured a $79.3 million loan to refinance The Outlet Shoppes at Atlanta, a 404,906-square-foot retail center in Woodstock, Georgia.

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Address915 Ridgewalk Parkway

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