Sentences with phrase «lender centerline»

In addition to potentially handing in the keys on the Pier Shops to its lender Centerline Capital Group, it is taking a writedown on Regency Square in Richmond, Va..

In addition to potentially handing in the keys on the Pier Shops to its lender Centerline...

Not exact matches

Furthermore, the company says that NOI generated from The Pier Shops at Caesars is insufficient to cover the debt service on the asset's $ 135 million non-recourse mortgage and given the dim long term prospects on the property, Taubman's board of directors decides that the firm should «discontinue its financial support of the center» and begins discussions to turn the property over to its lender, Centerline Capital.