CBL Properties Secures $43 Million Non-Recourse Loan for Northwoods Mall in N. Charleston, SC

CBL Properties has secured a $43 million non-recourse loan for its Northwoods Mall in N. Charleston, SC. The five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan were used to retire the existing $46.8 million loan, extending debt maturities and unlocking over $3 million of previously restricted cash flow. This transaction strengthens CBL's balance sheet and enhances its ability to create long-term value for investors.