Meadowood Mall

3650 REIT Provides $53M of $108M Capital Stack for Taubman Reno Mall Loan

Retrieved on: 
Thursday, December 9, 2021
Construction & Property, Professional Services, REIT, Finance, Tax, Risk, SELL, LP, Taubman Centers, ESG, NOI, Simon Property Group, Entrepreneurship, REIT, BED, Meadowood Mall, AN, CRE, DOES, SCF, Loan servicing, Investment, Bank, Construction & Property, Professional Services, REIT, Finance

3650 will retain the controlling class and special servicing rights and own the most interest on the loan.

Key Points: 
  • 3650 will retain the controlling class and special servicing rights and own the most interest on the loan.
  • We at 3650 are excited to invest in another high-quality retail asset, said 3650 co-founder and managing partner Toby Cobb.
  • Meadowood Mall is centrally located in Renos primary commercial district, and is the area's only enclosed regional shopping mall.
  • 3650 REIT manages in excess of $5 billion in loans and investments across its Bridge and Event-Driven (BED) and Stable Cash Flow (SCF) lending platforms.