CBL Properties Announces $71.9 Million Non-Recourse Loan Secured by Hamilton Place in Chattanooga, TN
CBL Properties closed a $71.9 million non-recourse loan secured by its Hamilton Place mall in Chattanooga. The five-year fixed-rate loan at 6.8% replaces an existing $85.5 million loan that was maturing in June, effectively reducing the debt load on this specific asset.
Key figures
- Interest rate
- 6.8%
- Portfolio sqft
- 55100000
- Loan term years
- 5
- New loan amount
- 71900000
- Old loan amount
- 85500000
- Portfolio properties
- 87
- Total financing activity 1yr
- 1500000000
AI analysis
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