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The Dallas office of Holliday Fenoglio Fowler confirmed Wednesdayy that it has been workiny with the real estate trust since the fourtbh quarter of 2008 to develop solutions forthe trust’ss outstanding debt securities. To HFF has been able to secure or negotiat e a totalof $500 million in financing for the real estate investmen trust. At this point, $300 million of debt is in variousx stages of negotiation for refinancingand long-termm extensions. Thus far this year, the compan y has closed on $120 million in loans and securedd $75 million more in committed HFF said ina statement.
The willingness of lendere to engage in the financing of the trust may be attributesd to the value of the HFF indicated. “The lenders that are activelgy engaged appreciate the quality of the the realistic underwriting assumptions being used and the opportunityt to make strong fundamental loans toa best-in-classs sponsor,” said Kevin MacKenzie, HFF managingh director. Inland Western Retail Real Estates Trust has 334 properties in is national totaling 51 millionsquare feet.
Amongt local retail properties it manages are The Shops at Park Placwin Plano, Southlake Town Squafrwe Block 22 and Preston Trail Village in
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