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

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FINANCED
$160,000,000

New York

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Retail3,500,000 SF
Financed 04/29/2025
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Property Image
FINANCED

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

2002 2194 Glenwood Shopping Plaza

See Similar Deals
Retail3,500,000 SF
Financed 04/29/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:3,500,000 SF
Transaction Type:Loan

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.

Players

Brian Warwick
10 deals$506M volume(516) 616-5151
BROKER

Robert "Bob" Altman
10 deals$595.2M volume
BROKER

J.P. Morgan Chase
LENDER

Details

FINANCED
IMAGE: Brian Warwick & Robert Altman DATE: 4/30/2025 ADDRESS: 2002-2194 Glenwood Shopping Plaza (portfolio of 25 shopping centers) MARKET: Oneida ASSET TYPE: Retail ~ SF: 3,500,000 LENDER: J.P. Morgan (@JPMorgan) BROKER: Brian Warwick & Robert Altman (@Raltman4) LOAN AMOUNT: $160,000,000 (single cross-collateralized loan) LOAN TYPE: Refinance LOAN TERMS: 10 years NOTE: This substantial refinance covers a portfolio of 25 shopping centers spanning over 3.5 million square feet across 13 states—including NY, CT, DE, VA, NC, SC, GA, FL, AL, TN, OH, IN, and LA. The deal showcases strong lender confidence and strategic positioning in the retail sector, with J.P. Morgan backing the long-term vision of the sponsors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$160,000,000.00

Monthly NOI$1,066,666.67
Monthly Debt Service$1,011,308.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00