REBusinessOnline

DONAHUE SCHRIBER SECURES $308 MILLION IN FINANCING

COSTA MESA, CALIF. — Donahue Schriber has completed two financial transactions: a $121 million bank syndication loan and a $187 million refinancing of nine retail properties. The $121 million loan was made by a syndication of lenders led by Bank of America and including Wells Fargo Bank, PNC Bank and US Bank. Additionally, Teachers Insurance and Annuity Association of America (TIAA) provided $187 million in fixed-rate financing for the refinancing of a nine-center retail portfolio. The Costa Mesa-based company will use the additional monies to fund future developments and acquisition opportunities in the western United States.

Content Partners
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