By Amanda Hoyle
If the owners of Triangle Town Center mall can’t work out a loan restructuring deal for the nearly $172 million loan that’s coming due on the property in December, it’s likely that the mall will go into foreclosure or be otherwise taken over by the lender.
Executives of CBL & Associates Properties (NYSE: CBL) just as much promised its investors and analysts during the company’s quarterly earnings report conference call on Thursday morning that if new satisfactory loan terms are not reached: “We… …read more
From:: biz journal foreclosures