Commercial Real Estate Direct Staff Report The $80 million loan that Starwood Property Trust had provided against the Woodland Mall in Grand Rapids, Mich., has a five-year term and pays a coupon of 7.35 percent. The loan, which requires only interest payments for its full term, allowed the shopping center’s owner, Pennsylvania REIT, to pay off […]

The post Loan Against Mich. Shopping Mall Pays 7.35 Percent Coupon appeared first on Commercial Real Estate Direct.