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CBL Properties refinanced the West County Center mortgage with a $135.0M, 5-year, 7.4% fixed non-recourse loan, replacing a $136.4M December 2026 maturity and removing a cash sweep, unlocking an estimated >$7.0M annual free cash flow and yielding about $2.0M net proceeds.
CBL Properties entered into a $135.0 million refinancing of the mortgage loan secured by West County Center, a regional mall in St. Louis, Missouri, replacing a $136.4 million loan due to mature.
CBL Properties said it refinanced the mortgage loan secured by West County Center for $135.0 million. The new five-year, fixed-rate loan replaces a $136.4 million loan due in December 2026.