The firm used the proceeds to pay off several loans.
Urban Edge Properties announced it has completed the refinancing of its $119 million mortgage loan at The Outlets at Montehiedra in San Juan. The existing commercial real estate loan was due to mature in July 2021 and consisted of an $83 million senior note bearing interest at 5.33% and a $36 million junior note, including […]
On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]