MetLife joint venture lands $78m loan on retail center buy

Guggenheim Commercial Real Estate Finance has provided a $78m loan to MetLife and M&J Wilkow for the joint venture’s acquisition of Magnolia Park in Greenville, South Carolina. Affiliates of MetLife and M&J Wilkow formed a joint venture for the $155m acquisition of the approximately 468,000 sq ft outdoor retail center, with MetLife taking the majority share at a 90/10 split.