Q10 KDH and Q10 Lutz Financial Services have successfully arranged the refinancing of a regional mall for approximately $35 million in a tertiary market in the Southwestern United States. Alan Warren, Q10 KDH Vice President based in the company’s San Antonio office, facilitated the refinancing with an institutional portfolio lender. The property is a stabilized asset with good sales and anchors including JC Penny’s, Sears and Dillard’s.
“Regional malls are challenging property types to finance in today’s lending environment and we were able to utilize one of our many portfolio lenders. As with many of our portfolio financings, the borrower was able to obtain a loan that was not available in the CMBS market. This financing is an excellent example of the Q10 difference: We make it happen when others just try!” – Alan Warren