Mall owner General Growth Properties on Thursday won a judge’s approval for the final mortgage restructuring in its massive bankruptcy case, extending by four years the due date of a formerly contentious loan from lenders led by Citigroup. US Bankruptcy Judge Allan Gropper approved the restructuring of a $95m mortgage on the Oakwood Center mall in the New Orleans suburb of Gretna, La.
0 minute readGeneral Growth wins judge’s approval for mortgage restructuring
May 21, 2010, 12:39pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio