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Brookfield Lines Up Major Refinancing for Massive Ala Moana Center in Honolulu

Eight Banks Agree to New Financing Covering $1.35 Billion in Outstanding Debt
A $1.35 billion mortgage on the Ala Moana Center in Honolulu is the largest loan on the commercial mortgage-backed securities market scheduled to mature this year. (Paul Peck/CoStar)
A $1.35 billion mortgage on the Ala Moana Center in Honolulu is the largest loan on the commercial mortgage-backed securities market scheduled to mature this year. (Paul Peck/CoStar)

The largest commercial mortgage-backed loan scheduled to mature this year is set to be refinanced, a signal lenders are warming up to malls as the effects of the coronavirus pandemic dissipate. Brookfield Properties has obtained a new loan commitment for its 2.7 million-square-foot Ala Moana Center mall and office complex in Honolulu.

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