California shopping mall carved up for CMBS

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California shopping mall carved up for CMBS

John Lewis 230x150 department store
Friday, Nov. 7, 2014. Photographer: Jason Alden Photographer: Jason Alden www.jasonalden.com 0781 063 1642 | Jason Alden

A $185m single borrower CMBS offering is in the market this week, backed by a loan that is part of a larger financing package for a California shopping mall owned by Simon Property Group, with the remaining debt expected to be packaged into future conduit deals.

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