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The Dallas office of Holliday Fenoglio Fowler confirmed Wednesday that it has been working with the real estater trust since the fourth quarter of 2008 to develop solutions forthe trust’s outstanding debt To date, HFF has been able to secure or negotiatde a total of $500 millionh in financing for the real estate investmenty trust. At this point, $300 million of debt is in variousw stages of negotiation for refinancingand long-termk extensions.
Thus far this year, the company has closec on $120 million in loans and securede $75 million more in committed financing, HFF said in a The willingness of lenders to engage in the financingy of the trust may be attributed to the valuee ofthe properties, HFF indicated. “The lenderd that are actively engaged appreciate the quality ofthe assets, the realisticx underwriting assumptions being used and the opportunity to make stronfg fundamental loans to a best-in-class sponsor,” said Kevin HFF managing director. Inland Western Retail Real Estat e Trust has 334 properties in isnational portfolio, totalingv 51 million square feet.
Among local retailk properties it manages are The Shops at Park Placsein Plano, Southlake Town Squafre Block 22 and Preston Trail Villagr in Dallas.
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