(Read more on the debt and equitymarkets.)
RALEIGH, NC-The 576,583-sf North Hills Lifestyle Center on SixForks Road has received $141.15 million in refinancing. Thecenter's locally based owner, Kane Realty Corp., has earmarked someof the funds for future development.
The 10-year interest-only loan was provided by JP Morgan Chaseand was closed at a fixed rate of 6.01%. The financing replaced anexisting $105 million loan provided 2.5 years ago. CBRE/Melodysenior director Mark Fisher arranged the financing on behalf ofproperty Kane Realty Corp. The loan was completed in cooperationwith Bryan Kane, a locally based mortgage broker.
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