Altoona, Penn. — Uber Capital Group has secured a $24.1 million loan for the refinancing of Logan Valley Mall in Altoona.
Joel J. Gorjian of Uber Capital arranged the fixed-rate loan with a 25-year amortization schedule through a regional bank based in Pennsylvania. The name of the borrower was not disclosed. The two-story Logan Valley Mall totals 785,000 square feet and houses more than 80 tenants including JC Penney, Macy’s, Sears and AMC Theatres.