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Wells Fargo Provides $455 Million Refinancing for Pentagon City Mall Outside DC

Simon Property Group One of Only Two Mall Owners To Get CMBS Backing Since Pandemic Started
Simon Property Group and its joint venture partners have secured refinancing for their Fashion Centre at Pentagon City mall in Northern Virginia. (CoStar)
Simon Property Group and its joint venture partners have secured refinancing for their Fashion Centre at Pentagon City mall in Northern Virginia. (CoStar)
CoStar News
April 28, 2021 | 7:47 P.M.

A new commercial mortgage-backed securities offering in the works shows that even a shopping mall can pull in major refinancing. That is, so long as the borrower is well capitalized and the property is among its top performers.

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