Kohan Retail Investment Group has paid $27.99 million for the Rimrock Mall, the largest enclosed shopping mall in Montana. The Great Neck, N.Y., investor bought the property from the CMBS trust that had held a $68.21 million loan against it. ...
Dwight Capital has provided $37.7 million of financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 216-unit InterUrban Apartment Homes 2.0 in Billings, Mont. Loans written under the 221(d)(4) program typically fully ...
Commercial Real Estate Direct Staff Report Starwood Capital Group is finalizing the deed-in-lieu of foreclosure transfer of the Rimrock Mall in Billings, Mont., to Wells Fargo Commercial Mortgage Trust, 2013-LC12, which holds a $72.77 million loan against it. The investment ...
Starwood turned to RBS for financing for the Rimrock property. The bank provided it with $77 million of debt that pays a coupon of 4.286 percent and requires only interest payments for five years. It amortizes on a 30-year schedule ...
The Club at Spanish Peaks, a 5,700-acre ski and golf resort in Big Sky, Montana, has shut down and last Friday filed to liquidate through a Chapter 7 bankruptcy filing. It is the latest resort in the area, all financed ...
November 14, 2001 Commercial Real Estate Direct Staff ReportCigna has provided $46 million of fixed-rate financing for the Rimrock Mall, the largest shopping center in Montana.The 10-year mortgage replaces a smaller loan, a $28 million mortgage that didn't mature for ...
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