NJ Spotlight News
Report: American Dream Mall developer defaulted on loan
Clip: 3/31/2021 | 2m 52sVideo has Closed Captions
American Dream was shut down during the lockdown last year, but reopened in the fall.
Triple Five, the developer of the American Dream Mall, has defaulted on its loan after a cash crisis, according to a report in the Financial Times. The paper says the loan is being restructured and the developer’s lenders will take a big stake in other property that Triple Five put up as collateral for American Dream; the company hasn’t commented on this report.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Report: American Dream Mall developer defaulted on loan
Clip: 3/31/2021 | 2m 52sVideo has Closed Captions
Triple Five, the developer of the American Dream Mall, has defaulted on its loan after a cash crisis, according to a report in the Financial Times. The paper says the loan is being restructured and the developer’s lenders will take a big stake in other property that Triple Five put up as collateral for American Dream; the company hasn’t commented on this report.
Problems playing video? | Closed Captioning Feedback
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