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CBL Properties Announces $135.0 Million Refinancing of West County Center
BusinessWire ·
BusinessWire reports: CBL Properties ( ) today announced that it has entered into a $135.0 million refinancing of the mortgage loan secured by West County Center, a dominant regional mall located in St. Louis, Missouri. The new non-recourse loan replaces an existing $136.4 million loan that was scheduled to mature in December 2026. The new loan carries a five-year term with a fixed interest rate of 7.4%. After repayment of the maturing loan and the release of existing escrow balances, CBL…