CBL Properties Refinances West County Center Mortgage for $135 Million
MT newswire2026/10/08 19:3503:35 PM EDT, 10/08/2026 (MT Newswires) -- CBL Properties (CBL) said Thursday it entered into a $135 million mortgage loan refinancing of West County Center, a regional mall located in St. Louis, Missouri. The new non-recourse loan carries a five-year term with a fixed interest rate of 7.4%. The REIT received about $2 million in net proceeds from the new financing after repayment of the existing loan that was scheduled to mature in December and the release of existing escrow balances. The refinancing is expected to unlock about $7 million in estimated annual free cash flow to the company going forward by removing the cash management sweep associated with the prior loan, CBL Properties said. Shares of the company were up nearly 2% in Thursday trading. Price: 49.41, Change: +0.87, Percent Change: +1.79
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