Westfield Lands $925M Loan for Century City Mall : compareme

Westfield Lands $925M Loan for Century City Mall

Unibail-Rodamco-Westfield (URW) is set to close a $925 million loan to refinance the Westfield Century City mall in one of the largest CMBS deals in the country this year, and the largest in Los Angeles so far in 2023. Morgan Stanley (MS) will provide the two-year, floating-rate commercial mortgage-backed securities loan, with the secured overnight financing rate plus 2.92 percent. It’s set to close before the end of the month, according to The Real Deal, which cited a release from Fitch Ratings, a KBRA report and data from Trepp.

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