.

Report Describes Mall At Stonecrest's Debt Issues

An Ajc.com articles says a loan backed by part of the mall is in the hands of a "special servicer," a move that could lead to foreclosure. Mall operations will continue, the report says.

Citing a Fitch Ratings report, an Ajc.com article states that a company "that helps work out troubled debt" is handling a loan backed by part of the Mall at Stonecrest in Lithonia.

It's a move that could lead to foreclosure, states the article, which also says the loan sent to the "special servicer" had a balance of $98.7 million.

The article said mall operations will continue. The anchor department stores at the mall are not involved in the loan issue, it said.

Check back for updates.

See also:

Forever 21 Expands Its Space at Mall at Stonecrest

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »