REBusinessOnline

Money360 Provides $12.5M Loan for Retail Center in Louisiana

Money360 provided a refinancing loan for a retail property in Lake Charles.

LAKE CHARLES, LA. — Money360 has provided a $12.5 million refinancing loan for a 121,070-square-foot retail property in Lake Charles. The term of the recourse loan is 24 months with a 9 percent fixed interest rate. Tenants include Ross Dress for Less, Bed Bath & Beyond, Marshalls and Rack Room Shoes. The borrower and the name of the asset were not disclosed.

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