Foothills Mall Has April Foreclosure Deadline
The Foothills Mall received a foreclosure notice after missing a scheduled debt payment in October.
The Fort Collins shopping center that opened in 2015 at the sight of the old Foothills Fashion Mall still owes $46.59 million on its original loan.
The Foothills Mall now has an April 6 deadline to receive the final amount of its $145 million loan, according to a Loveland Reporter-Herald report.
If lender lender MUFG Union Bank N.A. doesn't receive the rest of its payment, the Foothills Mall would go to a foreclosure auction in April 21.
The Foothills Mall currently houses more than 50 retail and restaurants businesses.