General Growth Properties, which owns the Mall of Louisiana, says it is working with lenders over its mortgage loan default, but has no assurances it will be able to get new financing from the frozen credit market. According to Business Courier of Cincinnati, two loans have expired on Las Vegas shopping centers. The company, which owns more than 200 shopping malls, is weighed down by heavy debt obligations. General Growth is trying to hold off filing for bankruptcy, the company has put several shopping centers up for sale.
Mall parent could have trouble getting financing
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
