Commercial Real Estate Direct Staff Report Simon Property Group and Institutional Mall Investors have refinanced the $1.2 billion mortgage against the 2 million-square-foot Houston Galleria shopping center with a like-sized mortgage from a group of 11 lenders led by Bank of America. The 10-year, interest-only loan will be securitized through a single-borrower transaction. Its coupon […]

The post Simon Venture Gets $1.2Bln Loan to Refinance Houston Galleria appeared first on Commercial Real Estate Direct.