Retail L Iowa

Hybrid Capital closes $7 million loan for Iowa mall

mall-of-the-bluffs

Hybrid Capital recently arranged $7 million in financing for Mall of the Bluffs, a super-regional mall and contiguous grocery-anchored shopping center in Council Bluffs, Iowa.

Hybrid Capital recently arranged $7 million in financing for Mall of the Bluffs, a super-regional mall and contiguous grocery-anchored shopping center in Council Bluffs, Iowa.

The property is made up of more than 600,000 square feet of retail on about 77 acres. Tenants include Hy-Vee, McDonalds, US Bank, Great Western Bank and Victoria's Secret.

The loan features an interest rate of 4 percent for the initial five years with a five-year renewal.

Evan Bell, the chief operating officer of Hybrid Capital, arranged the deal.