New York, March 12, 2015 -- Moody's Investors Service ("Moody's") was informed that Coventry II DDR Buena Park LP, a Delaware limited liability partnership ("Power Center Borrower") and Coventry II DDR Buena Park Place LLP, a Delaware limited liability company ("Mall Borrower"); together with Power Center Borrower, ("Borrower"), propose to (1) transfer the Mall property to CF II Buena Park Mall, LLC, a Delaware limited liability company ("New Borrower"), (2) assign the Buena Park loan, with a current outstanding balance of $73,000,000, to New Borrower, and (3) cause CF II Buena MZ, LLC, a Delaware limited liability company, to incur an $8,900,000 mezzanine loan, secured by a pledge of ownership interests in New Borrower. Additionally, it is our understanding that the Power Center property will be released from the lien of the loan documents in exchange for, among other consideration, the payment of the release price in the amount of $41,250,000, and that, after applying the release price and mezzanine loan proceeds to pay down the loan, the outstanding principal balance of the Buena Park loan will be reduced to $31,750,000. The proposed transfer of ownership, loan assumption, mezzanine debt and release of the Power Center property will become effective upon satisfaction of the conditions precedent set forth in the loan documents, as amended.

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