Business
CBL Properties Announces New $97.5 Million Loan Secured by Fayette Mall in Lexington, KY
CHATTANOOGA, Tenn., May 01, 2026--CBL Properties (NYSE:CBL) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million loan with a new $97.5 million, five‑year non-recourse CMBS loan with a fixed interest rate of approximately 7.25%. The new loan’s more favorable amortization structure results in approximately $5.0 million in additional cash flow to CBL.
About this update from Cbl & Associates Properties, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":760,"height":290,"url":"https://media.zenfs.com/en/business-wire.com/ffc3d41c90ecb6a20cad1514f40a10d1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0rBSi5CaLUm8skNNfSrteA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM2Ng--/https://media.zenfs.com/en/business-wire.com/ffc3d41c90ecb6a20cad1514f40a10d1","width":760,"height":290},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/pCgpPfM63qSVqR9v9rn2Uw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE1MjA7aD01ODA-/https://media.zenfs.com/en/business-wire.com/ffc3d41c90ecb6a20cad1514f40a10d1","width":760,"height":290}},"lazy":false},{"type":"text","content":"CHATTANOOGA, Tenn., May 01, 2026--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million loan with a new $97.5 million, five‑year non-recourse CMBS loan with a fixed interest rate of approximately 7.25%. The new loan’s more favorable amortization structure results in approximately $5.0 million in additional cash flow to CBL.","length":507,"tagName":"p"},{"type":"text","content":""This refinancing underscores the strength and attractiveness of high‑quality retail real estate in the capital markets and reflects lender confidence in Fayette Mall’s performance and long‑term outlook," said Ben Jaenicke, CBL’s EVP - Chief Financial Officer. "We continue to make significant progress addressing upcoming maturities through disciplined, non-recourse, asset-level financing that improves our cash flows and creates flexibility in our capital structure. Our maturity profile in 2027 and beyond is well-laddered with modest near-term maturities."","length":581,"tagName":"p"},{"type":"text","content":"Fayette Mall is one of CBL’s flagship assets and benefits from strong tenant demand, solid operating fundamentals, and its position as the leading retail destination in the Lexington market.","length":190,"tagName":"p"},{"type":"text","content":"About CBL Properties","length":20,"tagName":"p"},{"type":"text","content":"Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in...