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CityPlace sues lender over loan refinance

Posted: 11:45 PM, Dec 10, 2018
Updated: 2018-12-10 23:45:26-05

CityPlace is suing its lender, claiming the company, Credit Suisse Commercial Mortgage, is trying to derail the shopping center's loan refinance, which is due to be repaid Tuesday. 

A failed to refinance could lead to a foreclosure of CityPlace. 

The shopping and dining center told WPTV it is focused on paying off the loan and looks forward to a speedy resolution to this matter. 

The statement went on to say the proceedings will have no impact on CityPlace or its tenants.