Westfield Montgomery Owner Pays Off $350M Loan on Bethesda, Md., Mall
Unibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 million-square-foot mall’s loan had been scheduled to mature Aug. 1,…
Unibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 million-square-foot mall’s loan had been scheduled to mature Aug. 1,…
BELLINGS Intelligence Score: 10
Why it matters
The payoff of a $350 million mall loan is routine business activity with limited market impact or systemic relevance for credit professionals.
Sources
Commercial Observer
Westfield Montgomery Owner Pays Off $350M Loan on Bethesda, Md., Mall
Unibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 million-square-foot mall’s loan had been scheduled to mature Aug. 1,…