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Argentic Real Estate Finance And Principal Life Insurance Co Refinance Westroads Mall For $67M

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FINANCED
$67,000,000

Nebraska

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Retail
Financed 06/10/2026
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FINANCED

Argentic Real Estate Finance And Principal Life Insurance Co Refinance Westroads Mall For $67M

10000 California Street

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Retail
Financed 06/10/2026
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Summary

NEBRASKA
Asset Type:Retail
Transaction Type:Loan

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

LENDER


3 deals$254.6M volume
LANDLORD

Details

FINANCED
IMAGE: 06/10/2026 ADDRESS: 10000 California Street MARKET: Omaha, NE ASSET TYPE: Retail LENDER: Argentic Real Estate Finance & Principal Life Insurance Co LANDLORD: Lowell Baron - Brookfield Properties LOAN AMOUNT: $67,000,000 LOAN TYPE: Refinance NOTE: Argentic Real Estate Finance provided $67 million of senior financing, alongside a $12 million mezzanine loan from Principal Life Insurance Co., to refinance and retire a $76.17 million CMBS mortgage (COMM 2012-LTRT) on Westroads Mall in Omaha, replacing the prior 4.295% coupon debt with a new five-year senior loan at 7.478%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,000,000.00

Monthly NOI$446,666.67
Monthly Debt Service$423,485.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00