utyziluz.wordpress.com
The Dallas office of Hollidayg Fenoglio Fowler confirmed Wednesday that it has been workinbg with the real estate trust since the fourth quartert of 2008 to develop solution s forthe trust’s outstanding debt securities. To date, HFF has been able to securd or negotiate a totalof $500 million in financing for the real estatee investment trust. At this point, $300 million of debt is in variouws stages of negotiation for refinancingand long-term Thus far this the company has closed on $120 million in loans and securefd $75 million more in committed financing, HFF said in a The willingness of lenders to engage in the financinb of the trust may be attributed to the value of the HFF indicated.
“The lenders that are actively engageed appreciate the quality ofthe assets, the realistic underwritingv assumptions being used and the opportunity to make strong fundamentalp loans to a best-in-class sponsor,” said Kevinh MacKenzie, HFF managing director. Inlanf Western Retail Real Estatw Trust has 334 properties in is national totaling 51 millionsquare feet. Among locao retail properties it manages are The Shopsd at Park Placein Plano, Southlake Town Squafre Blocl 22 and Preston Trail Village in Dallas.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment