Underwater: Values on dozens of U.S. malls slashed by more than 70% during pandemic
October 20, 2021 at 12:49 PM EDT
Borrowers who owe $3 billion worth of debt on 45 U.S. malls are mostly underwater as a deluge of troubled shopping centers see their valuations deeply slashed by at least 70% during the pandemic, according to CRED iQ data.
