BOSTON-Beacon Capital Partners has completed the restructuringof its $2.7 billion CMBS mortgage, which it used for theacquisition of the 9.9-million-square-foot, 20-building officeportfolio in Washington, DC and Seattle from Blackstone Group in2007.


As per the restructuring deal, Beacon has earned a loanextension for five years to 2017 with reduction in interest ratefrom 5.797% to 3%. The firm must also put in a new security worth$200 million. For the full story, go to Wall Street Journal.

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