Simon Nearing $555M CMBS Package to Refi Dadeland Mall in South Florida

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Simon Property Group and Prime Property Fund are nearing a $555 million, 10-year fixed-rate loan to refinance Dadeland Mall in Miami-Dade County. Wells Fargo, Bank of Montreal and JPMorgan Chase are originating the interest-only CMBS package.

Simon Property Group and Prime Property Fund are closing in on a $555 million commercial mortgage-backed securities debt package to refinance the Dadeland Mall in suburban Miami-Dade County.  Wells Fargo, Bank of Montreal and J.P. Morgan Chase Bank are originating the 10-year, fixed-rate, interest-only loan, according to Fitch Ratings. The agency valued the 1.5 million-square-foot […]