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Wednesday, 19 November 2014

JPMorgan, Goldman Lend $725Mln Against Four Malls Bought by Starwood

JPMorgan Chase Bank and Goldman Sachs have provided $725 million of financing against four regional shopping malls that recently were purchased by Starwood Capital Group. The two lenders have each provided $362.5 million of the financing, which resulted in the defeasance of three CMBS loans.

Commercial Real Estate Direct Staff Report

JPMorgan Chase Bank and Goldman Sachs have provided $725 million of financing against four regional shopping malls that recently were purchased by Starwood Capital Group.

The malls, in Virginia, North Carolina, Florida and Michigan, are part of a seven-property portfolio that the Greenwich, Conn., investment manager bought from Taubman Centers Inc. for $1.4 billion. Details of the financing against the three remaining properties could not be learned immediately.

JPMorgan and Goldman each took down a $362.5 million piece of the...


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