Stonehill Commercial Real Estate Group Deploys $160 Million in Financing for Shopping Malls
Retrieved on:
Tuesday, January 10, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Robinson, Stonehill, Greenwood Mall, National Retail Federation, Livingston Mall, Mall, Thought, CRE, The Mall at Robinson, Acquisition, Cumberland Mall, Commercial property, Renewable energy, Retail
The recent Stonehill CRE retail transactions include:
Key Points:
- The recent Stonehill CRE retail transactions include:
Bellis Fair Mall - Originating a $24.0 million first mortgage loan for the 774,264 square-foot shopping mall in Bellingham, Washington. - Cumberland Mall - Originating a $28.8 million first mortgage loan for the 953,313 square-foot shopping mall in Vineland, New Jersey.
- Greenwood Mall - Originating a $42.3 million first mortgage loan for the 970,523 square-foot shopping mall in Bowling Green, Kentucky.
- Stonehill, an affiliate of Peachtree Group, launched Stonehill CRE in May 2022 and expects to deploy approximately $500 million of capital in 2023.