(Read more on the debt and equitymarkets.)

DALLAS-Charter Holdings LP has secured $14.6 million to retirefinancing used to redo and reposition the 62,233-sf Kingsley Squarein East Dallas during the past three years. The 92%-leased shoppingcenter is collateralizing a five-year loan with interest-onlypayments at a sub-6.5% fixed rate.

The marquee of the 7.24-acre property at 7201-15 Skillman Ave.tells the story, with signs showing a new lineup anchored by LAFitness and an old mainstay, Mi Cocina. Lance Wright, regionaldirector in Dallas for Norwalk, CT-based GE Capital Real Estate,says the Dallas-based borrower had just one hurdle to clear beforethe loan could be stamped. "We were really tied to the LA Fitnessopening," he tells GlobeSt.com. The 45,000-sf health club opened inrecent months, setting the process in motion for the loan toadvance after sitting on the backburner until LA Fitness wentlive.