J.P. Morgan Provides $160 Million Refinance For 25 Retail Shopping Centers Across 13 States

The asset involved in this transaction is a portfolio of 25 shopping centers located at 2002-2194 Glenwood Shopping Plaza in the Oneida market. The total square footage for the portfolio amounts to 3,500,000, and the transaction features a refinance loan of $160,000,000. The loan is structured as a single cross-collateralized loan with a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $160,000,000
• Loan Type: Refinance
• Loan Terms: 10 years
• Asset Address: 2002-2194 Glenwood Shopping Plaza
• Market: Oneida
• Square Footage: 3,500,000
• Lender: J.P. Morgan
• Broker: Brian Warwick & Robert Altman

The transaction reflects the involvement of J.P. Morgan, showcasing strong lender confidence. Brokers Brian Warwick and Robert Altman facilitated the deal, representing the financial interests of the sponsors within this extensive portfolio spread across thirteen states, including New York, Connecticut, Delaware, Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Ohio, Indiana, and Louisiana.