--Joy Wiltermuth
JP Morgan is pooling a number of loans it has inked for mall giant Simon Property Group into its estimated $1 billion commercial mortgage-backed securitization, according to bankers.
The Indianapolis-based real estate investment trust has closed a new 10-year $175 million 5.75% fixed-rate loan with the investment bank on Arizona Mills, a shopping center in Tempe, Ariz. The loan replaced a $130.9 million 7.90% fixed-rate loan slated to ....