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Loan on New York State’s Largest Mall Misses Maturity Payoff

Destiny USA in Syracuse Faces Potential Foreclosure
Destiny USA in Syracuse, New York, has been losing anchor tenants over the past few years. (CoStar)
Destiny USA in Syracuse, New York, has been losing anchor tenants over the past few years. (CoStar)

The owner of New York state's largest shopping mall has failed to produce the cash needed to extend a $300 million loan on the property beyond its maturity date.

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