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Seattle & Northwest  + Pacific Northwest  + Retail  |  August 14, 2023
Jasmine Kilman
By: Jasmine Kilman

Wood Investments Secures $39M Refinancing for Boise Shopping Centers

Wood Investments Companies, Inc. has secured $39.1 million in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace.

Both shopping centers are located in Meridian, Idaho. Gateway Marketplace was refinanced with a $16.5 million permanent loan. Tim Winton, Senior Vice President of Keystone Mortgage Corporation, based in the company’s Aliso Viejo, California office, arranged the financing from Voya Investment Management, LLC, at a fixed 5.78% rate for five years. Gateway Marketplace was 100% leased at the time of the closing.

CentrePoint Marketplace received $22.6 million in refinancing from RGA ReCap, LLC. The loan is fixed at a rate of 6.02% for a 10-year term, CentrePoint Marketplace also had 100 percent lease occupancy at the time of closing. The financing was arranged by the team of Greg Richardson, Managing Director at Walker & Dunlop, based in Newport Beach, California.

Read More News Stories About: Walker & Dunlop
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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