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Southlake Town Square Obtains $90M Refi

SOUTHLAKE, TX-Inland Western Retail REIT has obtained $90 million to refinance four phases of Southlake Town Square, a Class A entertainment and lifestyle center in suburban Dallas/Fort Worth.

By Jennifer Duell Popovec | Updated on April 07, 2010

SOUTHLAKE, TX-Inland Western Retail REIT has obtained $90 million to refinance four phases of Southlake Town Square, a Class A entertainment and lifestyle center in suburban Dallas/Fort Worth.

MetLife Real Estate Investments provided the seven-year, 6.25% fixed-rate loan, which replaced maturing CMBS loans and a bank loan, according to Kevin MacKenzie, a managing director in HFF’s Dallas office who helped arrange the loan.

“There was strong interest from a variety of capital sources including portfolio lenders that had the ability to finance the entire loan without any participation,” MacKenzie tells GlobeSt.

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