Conn. Fund Faces $105M Chicago Mall Loan Default: Fitch

Law360, New York (March 21, 2012, 5:10 PM EDT) -- A Connecticut hedge fund manager is facing a May default on more than $100 million in loans secured by a Chicago-area shopping mall that was recently transferred to special servicing, according to a Fitch Inc. report Friday.

The credit ratings agency said that Stamford, Conn.-based Five Mile Capital Partners LLC is facing an immediate maturity default on a $70.5 million senior loan and a $34 million junior loan on the Stratford Square Mall, a 1.3-million-square-foot Class B shopping center in Bloomingdale, Ill.

The loans were issued...
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