CBL Lands $78M CMBS loan for Cross Creek Mall in North Carolina

Tennessee-based CBL Properties has obtained a $78 million non-recourse loan for Cross Creek Mall, a 790,582-square-foot retail property in Fayetteville, N.C. Mesirow Financial issued the note, Commercial Real Estate Direct reported.

The five-year, fixed-rate CMBS loan retires the existing $81.9 million note on the property that was to mature in August 2025.

CBL Properties (NYSE: CBL)
David Neuhoff | SVP, Redevelopment

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