CBL’s Post-Bankruptcy Up and Down Financing Activity, European Banks Arrange $370 Million Refinance for SL Green, Lending Eases in Second Quarter

CBL Wins Some, Loses Some After Bankruptcy: In its second-quarter earnings report, retail landlord CBL Properties announced more than $600 million in financing activity on malls and open-air shopping centers tied to various loans on the commercial mortgage-backed securities market. Some of the properties were refinanced, while some loans were modified. Other properties were turned over to lenders, and some loans are still in negotiations with outcomes undetermined.