Last week, Sears and Macy’s announced 218 store closings collectively, the latest department store chains to pull out of regional malls. While these store closings could have a crippling effect on dozens of malls across
Why is this on our hard money blog? Loans coming due will be opportunity to buyers of notes and property. Our Hard money – bridge – private loans have helped in buying property and discounted notes.
There will be opportunity to repurpose some these properties as tenants leave. Many are in strong locations- just need a new purpose, new loan and new tenant.