$155 million mortgage extension brings GGP closer to solvency

01/26/2010 | Real Estate Channel (Orlando, Fla.) · GlobeSt.com

General Growth Properties has closed on a four-year extension of a $155 million mortgage loan secured by Carolina Place, a Pineville, N.C., shopping center. With this funding in place, GGP has restructured 74 mortgage loans for a total of about $9.4 billion. It needs final approval from a bankruptcy court on 16 loans totaling $2.1 billion.

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Real Estate Channel (Orlando, Fla.) · GlobeSt.com

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