Argentic Real Estate Finance And Principal Life Insurance Co Refinance Westroads Mall For $67M
Nebraska
See Similar DealsArgentic Real Estate Finance And Principal Life Insurance Co Refinance Westroads Mall For $67M
10000 California Street
See Similar DealsSummary
The asset involved in this transaction is a retail property located at 10000 California Street, Omaha, NE. The loan amount for refinancing this property is $67,000,000. This transaction is part of a refinancing effort that replaces an existing CMBS mortgage with a new loan structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67,000,000
- Lender: Argentic Real Estate Finance & Principal Life Insurance Co
- Landlord: Lowell Baron - Brookfield Properties
- Loan Type: Refinance
- Previous CMBS Mortgage: $76.17 million (COMM 2012-LTRT)
- New Loan Coupon Rate: 7.478%
- Mezzanine Loan Amount: $12 million
This transaction was facilitated by Argentic Real Estate Finance, which provided $67 million in senior financing. Principal Life Insurance Co. contributed an additional $12 million through a mezzanine loan. The refinancing effort aims to retire the existing higher coupon debt and improve cash flow management for the property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
