Bridge33 Capital Lands $460 Million Refinance Loan From Wells Fargo For Retail Portfolio
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See Similar DealsBridge33 Capital Lands $460 Million Refinance Loan From Wells Fargo For Retail Portfolio
Summary
The transaction involved a retail portfolio that encompasses a total square footage of 4,100,000 across various markets including Colorado, South Carolina, Michigan, Georgia, Maryland, Nevada, Illinois, Texas, and Indiana. The portfolio is currently 91.4% leased, with tenants such as TJX Companies and Dick’s Sporting Goods representing the largest portions.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $460,000,000
- Lender: Wells Fargo
- Landlord: Jahan Moslehi - Bridge33 Capital
- Loan Type: Refinance
Bridge33 Capital secured the refinancing for the portfolio through a $460 million CMBS loan provided by Wells Fargo. This loan process involved coordination between the landlords and the financial institution, highlighting the importance of strategic financial maneuvers in managing large-scale retail assets.
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