Westfield Montgomery Mall Owner Sees Value Slashed But Secures Loan Extension

Barchart · 10/15 14:34
The owner of the massive Westfield Montgomery mall in Bethesda has received a two-year extension on a $350M loan after it didn't pay off its debt ahead of its August maturity. The 836K SF property tied to the loan also received a new valuation that cuts it nearly in half from a decade ago, according to Morningstar Credit.