BLOOMFIELD HILLS. Mich. -- Taubman Centers Inc. said Monday that it has secured $146 million in financing on a Los Angeles mall through J.P. Morgan Securities Inc. and UBS Securities Inc.

The company said proceeds from the 10-year financing at 8.36% were used to retire the existing mortgage on the Beverly Center and to pay a prepayment premium of $38 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.