Babaamaajimowinan (Telling of news in different places)
The owner of the Mall of America continues to be months behind on its mortgage payments and has entered a cash-management agreement to avoid foreclosure.
The MOA's owner, Triple Five Group, started having trouble meeting the mortgage after the mall had to close in March due to state-mandated efforts to curb the spread of coronavirus.
The loan was transferred to special servicing in May after Canada-based Triple Five was no longer making full payments. At the time, a mall representative said revenue had fallen 85%.
https://www.startribune.com/moa-behind-on-its-mortgage-reaches-deal-to-avoid-foreclosure/572158332/
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