Bridge33 Capital Lands $460 Million Refinance Loan From Wells Fargo For Retail Portfolio

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.