Updated Jan 4th 8:46pm
WFTV shared some bad news about Orlando Fashion Square Mall:
Update: According to Orlando Sentinel, UP-Fieldgate released the following statement:
WFTV shared some bad news about Orlando Fashion Square Mall:
Foreclosure proceedings were initiated against Fashion Square Mall this week after a lender claimed the facility’s owners defaulted on a nearly $42 million loan. Bancorp Bank filed a foreclosure complaint in Orlando federal court Tuesday claiming that UP Development failed to make loan payments in July, August and September, totaling more than $400,000.We've reached out to Orlando Fashion Square Mall management for confirmation.
Update: According to Orlando Sentinel, UP-Fieldgate released the following statement:
"The allegations released are not an accurate reflection of the issues involved. UP-Fieldgate contends that it is, in fact, Bancorp that has defaulted on its obligations and breached our contract and we will litigate this suit accordingly."
