Argentic Real Estate Finance And Principal Life Insurance Co Refinance Westroads Mall For $67M
10000 California Street
$67,000,000
Building Size
—
Asset Type
Retail
Closing
Jun 10, 2026
About this deal
AI
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.
On the Map
$67,000,000
Retail
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Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93