CBL Properties announced that, along with its 50% joint venture partners, it has closed on a new $40.0 million, ten-year, non-recourse loan secured by The Shoppes at Eagle Point. CBL and its joint venture partner opened the newly developed center in 2018. The new loan bears a fixed interest rate of 5.4%.

Proceeds from the new loan were utilized to retire the existing $33.9 million partial recourse loan, which was set to mature in October.