Foothills Mall lender to file foreclosure demands for remaining $46.59M debt
FORT COLLINS — The Foothills Mall in Fort Collins is heading toward receivership after its primary lender said in court that the mall failed to make scheduled debt payments in the fall.
In a lawsuit filed to Larimer County District Court this week, MUFG Union Bank N.A. claims that just more than $46.59 million of unpaid principal and interest remains on the original loan of $145 million. The bank claims that Foothills failed to make its scheduled debt payment on Oct. 9.
It’s unclear how much the Mall was supposed to pay in October. The promissory…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
Related Posts
-
The saga over a local memory care center potentially being taken over by its bank…
-
Voters were giving the extension of a sales tax that pays for street maintenance in…
-
Mindful Therapy Group of Colorado P.C., a national collaborative of mental health clinicians, will open…
-
Wayne Fraleigh, with clinical training and more than 23 years of leadership responsibilities, has been…
