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Financial woes continue for Little Rock mall with foreclosure step


Photo: Courtesy littlerock.com
LITTLE ROCK, Ark. – The largest owner and manager of shopping centers in the Southeast has taken actions to foreclose on Little Rock’s Park Plaza Mall, according to a report in Arkansas Business.
Lenders on Wednesday filed a foreclosure lawsuit asking the court to appoint a receiver after mall owners missed their payment on a loan with a $74.5 million balance.
Deutsche Bank Trust Co. Americas filed the foreclosure lawsuit in Pulaski County Circuit Court. The bank, acting as trustee for Registered Holders of Wells Fargo Commercial Mortgage Securities, says the mall defaulted on the loan, citing a missed payment due in April 2020. ....

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