Gateway Fashion Mall

Location: Bismarck, ND
Type: Retail
Price: $ 10,500,000

SMC has provided a $10,500,000 loan secured by Gateway Fashion Mall. Located in Bismarck, ND, Gateway Fashion Mall is 329,946 SF regional mall built in 1978 and recently renovated in 2007. The Property is currently 84% leased to 37 tenants. It is also anchored by PrimeCare Health Network’s Medical Mall. Loan proceeds were used to refinance existing debt. The loan is cross-collateralized with four other mortgage loans originated by SMC and secured by Orange Street Plaza, Foothill Village Plaza, Front Gate Plaza and Pueblo Shopping Center.