GLIMCHER REALTY TRUST REFINANCES POLARIS TOWNE CENTER IN OHIO

by admin

COLUMBUS, OHIO — Glimcher Realty Trust has closed on a 10-year, $46 million mortgage loan for the refinancing of Polaris Towne Center in Columbus. The new loan, which will be sold into the CMBS market, carries a fixed-interest rate of 6.76 percent. Bank of America originated the loan, which was used to repay the previous mortgage on the property of $38.6 million.

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