NewsLocal News


Promenade Mall owner defaults on loan

Promenade Mall
Posted at 5:51 PM, Jul 23, 2019
and last updated 2019-07-23 18:51:11-04

On Wednesday, a court-appointed receiver will take possession of the Tulsa Promenade Mall.

This comes after Ready Capital Corporation, the owner of the mortgage, filed a lawsuit, looking to foreclose on the building's loans.

Ready Capital Corporation claims the mall's owner has defaulted on the loan, not making a payment since March and have not maintained the property.

They are looking to collect more than $7 million from Delaware Limited Liability Company.

Stay in touch with us anytime, anywhere.

Download our free app for Apple and Android and Kindle devices.

Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.

Follow us on Twitter

Like us on Facebook