The Ghermezians have bought themselves another four years on their $1.4 billion Mall of America loan. The family’s Triple Five Group negotiated an extension on the $1.385 billion loan that matured in September, a source familiar with the negotiations told The Real Deal. The Ghermezians worked proactively with their special servicer to negotiate this latest extension, which required the owners of the 5.6 million-square-foot complex to kick in significant new equity and other collateral enhancements, the source said. The extension has a three-year term with an option for another year. This is the second time the owners have reworked the […]

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