BURLINGTON, MA-LNR Partners is speeding up foreclosure plans on a strip mall spanning 31,700 square feet in Burlington. However, the mall owner, a Massachusetts-based affiliate of financier David H. Carls, is trying to restructure the mortgage worth $9.6 million on the property.
The loan's trustee comprising LNR Partners, Merrill Lynch and Bank of America have appointed an attorney to carry on with a foreclosure. The property was last valued in July 2010 at $9.7 million.For the full story, go to Boston Business Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
