New York Mall Owner Falls Short on Interest Payments: After securing a five-year loan extension on its 2.4 million-square-foot Destiny USA mall in Syracuse, New York, Pyramid Management Group has failed to fully cover its interest payments on more than $400 million in loans, according to S&P Global Ratings.
New York Mall Owner Falls Short on Interest Payments, Industrial Portfolio Refinancing Nets Blackstone $1.1 Billion, Banks Drive Lending in Third Quarter
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CoStar News
December 15, 2022 | 3:27 P.M.
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IN THIS ARTICLE
- Properties
- Destiny USA
3 Destiny USA Dr, Syracuse, NY
- Companies
- Blackstone Inc.
Finance and Insurance
- Pyramid Management Group, Inc.
Real Estate
- Mortgage Bankers Association
Finance and Insurance