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


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