{"id":867556,"date":"2025-07-08T14:03:02","date_gmt":"2025-07-08T18:03:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/"},"modified":"2025-07-08T14:03:02","modified_gmt":"2025-07-08T18:03:02","slug":"cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/","title":{"rendered":"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC<\/b><\/p>\n<p class=\"bwalignc\"><i>New CMBS loan achieves substantial interest reduction of nearly 135 basis points<\/i><\/p>\n<p>CHATTANOOGA, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCBL Properties (NYSE:CBL) today announced that it had closed on a $78.0 million non-recourse loan secured by Cross Creek Mall in Fayetteville, NC. The new five-year loan bears a fixed interest rate of 6.856%. Proceeds from the loan were used to retire the existing $81.9 million loan secured by the property, which bore an interest rate of 8.19% and was scheduled to mature in August 2025.<\/p>\n<p>\n\u201cAccessing the CMBS markets for this new loan is an important accomplishment and demonstrates the appeal of our dominant, middle-market mall properties to institutional lenders,\u201d said Stephen D. Lebovitz, CBL\u2019s Chief Executive Officer. \u201cCross Creek Mall exemplifies the strength of our portfolio, with sales of over $480 per square foot and a 99% occupancy rate. This financing milestone marks another successful step forward in our non-recourse strategy &#8211; enhancing our balance sheet by extending debt maturities, lowering interest expense, and, importantly, unlocking greater free cash flow through a less restrictive loan structure.\u201d<\/p>\n<p><b>About CBL Properties<\/b><\/p>\n<p>\nHeadquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL\u2019s owned and managed portfolio is comprised of 88 properties totaling 55.4 million square feet across 20 states, including 52 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cblproperties.com%2F&amp;esheet=54287478&amp;newsitemid=20250708139216&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=07c1948be7dbc325435e36f9f82234e5\">cblproperties.com<\/a>.<\/p>\n<p><i>Information included herein contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company\u2019s various filings with the Securities and Exchange Commission, including without limitation the Company\u2019s Annual Report on Form 10-K and the \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d included therein, for a discussion of such risks and uncertainties.<\/i><\/p>\n<p>\nCBL_Corp<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250708139216r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250708139216\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250708139216\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a rel=\"nofollow\" href=\"mailto:Katie.Reinsmidt@cblproperties.com\">Katie.Reinsmidt@cblproperties.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Tennessee<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Department Stores Other Retail Finance REIT Professional Services Restaurant\/Bar Other Construction &amp; Property Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250708139216\/en\/2517812\/3\/CBL.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC New CMBS loan achieves substantial interest reduction of nearly 135 basis points CHATTANOOGA, Tenn.&#8211;(BUSINESS WIRE)&#8211; CBL Properties (NYSE:CBL) today announced that it had closed on a $78.0 million non-recourse loan secured by Cross Creek Mall in Fayetteville, NC. The new five-year loan bears a fixed interest rate of 6.856%. Proceeds from the loan were used to retire the existing $81.9 million loan secured by the property, which bore an interest rate of 8.19% and was scheduled to mature in August 2025. \u201cAccessing the CMBS markets for this new loan is an important accomplishment and demonstrates the appeal of our dominant, middle-market mall properties to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-867556","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC New CMBS loan achieves substantial interest reduction of nearly 135 basis points CHATTANOOGA, Tenn.&#8211;(BUSINESS WIRE)&#8211; CBL Properties (NYSE:CBL) today announced that it had closed on a $78.0 million non-recourse loan secured by Cross Creek Mall in Fayetteville, NC. The new five-year loan bears a fixed interest rate of 6.856%. Proceeds from the loan were used to retire the existing $81.9 million loan secured by the property, which bore an interest rate of 8.19% and was scheduled to mature in August 2025. \u201cAccessing the CMBS markets for this new loan is an important accomplishment and demonstrates the appeal of our dominant, middle-market mall properties to &hellip; Continue reading &quot;CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-08T18:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250708139216r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC\",\"datePublished\":\"2025-07-08T18:03:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250708139216r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\\\/\",\"name\":\"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC - 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The new five-year loan bears a fixed interest rate of 6.856%. Proceeds from the loan were used to retire the existing $81.9 million loan secured by the property, which bore an interest rate of 8.19% and was scheduled to mature in August 2025. \u201cAccessing the CMBS markets for this new loan is an important accomplishment and demonstrates the appeal of our dominant, middle-market mall properties to &hellip; Continue reading \"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-08T18:03:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250708139216r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC","datePublished":"2025-07-08T18:03:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/"},"wordCount":461,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250708139216r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-78-0-million-non-recourse-loan-secured-by-cross-creek-mall-in-fayetteville-nc\/","name":"CBL Properties Announces New $78.0 Million Non-Recourse Loan Secured by Cross Creek Mall in Fayetteville, NC - 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