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Aug

06

Westwood Financial Snags $171M for Retail Portfolio

By Tony Seruga

HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.

Westwood Financial has secured $171 million in first lien financing for a portfolio comprising 13 multi-tenant retail centers located throughout Arizona, California, Florida, Georgia, Illinois, North Carolina and Texas.

The properties total 1,050,350 million square feet.

HFF placed a $94 million fixed-rate portfolio loan with Nationwide Life Insurance Co. used for refinancing and new acquisitions and a $77 million fixed-rate portfolio loan with a correspondent life insurance company to refinance existing debt…

Westwood Financial Snags $171M for Retail Portfolio

Categories : Commercial Real Estate

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