{"id":948720,"date":"2026-04-02T11:24:19","date_gmt":"2026-04-02T15:24:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-43-0-million-non-recourse-loan-secured-by-northwoods-mall-in-n-charleston-sc\/"},"modified":"2026-04-02T11:24:19","modified_gmt":"2026-04-02T15:24:19","slug":"cbl-properties-announces-new-43-0-million-non-recourse-loan-secured-by-northwoods-mall-in-n-charleston-sc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-43-0-million-non-recourse-loan-secured-by-northwoods-mall-in-n-charleston-sc\/","title":{"rendered":"CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC"},"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 $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC<\/b><\/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 $43.0 million non-recourse loan secured by Northwoods Mall in N. Charleston, SC. The new five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan, as well as approximately $7.5 million of existing escrows, were used to retire the existing $46.8 million loan secured by the property, which was scheduled to mature this month. Under the prior loan, cash flows have been swept by the lender since April 2021.<\/p>\n<p>\n\u201cThe successful closing of this new CMBS loan for Northwoods Mall demonstrates our ability to access attractive capital and reinforces the strong lender confidence in our middle-market mall portfolio,\u201d said Ben Jaenicke, CBL\u2019s EVP &#8211; Chief Financial Officer. \u201cBy extending debt maturities and unlocking over $3.0 million of previously restricted cash flow, this transaction further strengthens our balance sheet and enhances our ability to create long-term value for our investors.\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 55.6 million square feet across 23 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 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=http%3A%2F%2Fcblproperties.com&amp;esheet=54477571&amp;newsitemid=20260402981281&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=e04a5a5a217484d7de03f9dddcf3982e\">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=20260402981281r1&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\/20260402981281\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260402981281\/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> Tennessee South Carolina United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Department Stores Finance Other Retail REIT Professional Services Restaurant\/Bar 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\/20260402981281\/en\/617812\/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 $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC CHATTANOOGA, Tenn.&#8211;(BUSINESS WIRE)&#8211; CBL Properties (NYSE:CBL) today announced that it had closed on a $43.0 million non-recourse loan secured by Northwoods Mall in N. Charleston, SC. The new five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan, as well as approximately $7.5 million of existing escrows, were used to retire the existing $46.8 million loan secured by the property, which was scheduled to mature this month. Under the prior loan, cash flows have been swept by the lender since April 2021. \u201cThe successful closing of this new CMBS loan for Northwoods Mall demonstrates our ability to access attractive capital and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-announces-new-43-0-million-non-recourse-loan-secured-by-northwoods-mall-in-n-charleston-sc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC&#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-948720","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. 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The new five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan, as well as approximately $7.5 million of existing escrows, were used to retire the existing $46.8 million loan secured by the property, which was scheduled to mature this month. Under the prior loan, cash flows have been swept by the lender since April 2021. \u201cThe successful closing of this new CMBS loan for Northwoods Mall demonstrates our ability to access attractive capital and &hellip; Continue reading &quot;CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. 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