Rouse Properties Inc. (RSE) announced that it closed on a new $68.0 million mortgage loan secured by Valley Hills Mall. The CMBS non-recourse loan bears interest at a fixed rate of 4.47% and matures in ten years. Net proceeds to the Company after related closing and defeasance costs were approximately $15.0 million. This asset was previously financed with a $51.4 million mortgage loan at an interest rate of 4.73% and with a maturity of March, 2016.
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