Uber Capital Group Secures $24M Refinancing for Logan Valley Mall in Pennsylvania
ALTOONA, PA. — Uber Capital Group has secured a $24 million refinancing for Logan Valley Mall in Altoona. Joel J. Gorjian of Uber Capital represented the borrower, a private national commercial real estate investment group, in securing financing from a regional bank based in Pennsylvania. Terms of the loan included a 4.75 percent fixed rate and a 25-year amortization. The two-story, 785,000-square-foot mall is located at 5580 Goods Lane and currently has a roster of more than 80 tenants. JCPenney, Macy’s, Sears, and AMC Theatres anchor the mall.