Walden Galleria faces potential foreclosure as $220M … – City-Data.com

The action comes after Pyramid missed a May 1 deadline to pay off or refinance a $220 million mortgage on the mall, the largest mall in western New York. Wells Fargo, acting as trustee for holders of the Walden Galleria’s commercial mortgage-backed securities loan, previously warned it might foreclose on the mall if Pyramid missed the deadline.

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