General Growth Properties (GGP) has secured a $413 million refinancing for the Staten Island Mall and the Boise Towne Square. The loan comes at a weighted average interest rate of 4.78 percent.
The new $273 million 4.77 percent loan for Staten Island Mall replaces a $273 million that was scheduled to mature in October 2015. Boise Towne Square’s new $140 million loan replaces a $65 million loan that was due to mature in August 2014.
Click here for the release from PR Newswire.