CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC
CBL Properties (NYSE:CBL) today announced that it had closed on a $43.0 million non-recourse loan secured by Northwoods Mall in N. Charleston, SC. The new five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan, as well as approximately $7.5 million of existing escrows, were used...