Search
 

Belz Factory Outlet Refinances $64M Loan at 7%

ORLANDO-New York-based Bear Stearns Commercial Mortgage Inc. is funding the package on the 640,000-sf, 95%-leased International Drive shopping center for Orlando-based owner Estein & Associates USA, the American arm of the Germany-based investment group.

By Alex Finkelstein | Updated on July 18, 2002

ORLANDO-Estein & Associates USA, the American arm of the Germany-based investment group, is refinancing the 20-year-old, 640,000-sf Belz Factory Outlet World on International Drive with a $64 million loan at 7% interest.

The shopping center transaction updates the original acquisition loan arranged by Holliday Fenoglio Fowler in 1993.

Barbara Bozzacco of Holliday’s Boca Raton, FL office and Michael Kavanau of the firm’s Chicago office brokered the seven-year, fixed-rate financing through Bear Stearns Commercial Mortgage Inc., a New York-based conduit lender.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.