The Real Deal Miami

Equity One closes $227M loan

October 21, 2008 12:46PM

North Miami Beach real estate investment trust Equity One has closed a $227 million unsecured revolving credit facility with Wells Fargo Bank. It’s a three-year loan with a one-year extension option and the possibility of expanding the loan to $400 million. Equity One has also closed on a $65 million mortgage loan for a 504,495-square-foot shopping center at 4800 Sheridan Street in Hollywood, Fla.