The largest of the bunch is a $250 million refinancing ofWashington Square Mall near Portland, OR. The seven-year fixed-rateloan is expected to close in the 4th quarter of 2008. The interestrate has been locked at 6.00%. The current loan of $128 million isschedule to mature in February 2009.
On October 15, Macerich expects to close on a $90-million loanon South Towne Center in Sandy, Utah. The seven-year fixed rateloan will have an interest rate of 6.25%. Earlier this week, thecompany closed on a $29.7 million loan on Chandler Festival and an$18.9 million loan on Chandler Gateway. Both loans are for aseven-year term with a fixed interest rate of 6.15%.
At the end of July, the Company closed on a $150 millionrefinancing of Broadway Plaza in the Northern California's WalnutCreek area. The new loan bears interest at a fixed rate of 6.11%and has a seven year term. The prior loan amount was $58.8million.
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