Global Group Of Companies: Florida investor gets $247M for 20-property retail portfolio in Texas

Florida-based real estate investment firm Global Fund Investments LLC has landed a long-term refinancing loan for $247.5 million for a retail portfolio totaling 2.1 million square feet of space in Dallas, Houston and San Antonio. The fixed-rate loan with TIAA-CREF was used to refinance existing debt and recapitalize the 20 properties in the portfolio. HFF secured the loan on behalf of the borrower. Dallas-Fort Worth has seven of those properties, with retail centers in Plano, Southlake, Richardson,...