Beal Bank USA Enhances Investment in CBL Properties with $443 Million

In a significant move in the commercial real estate sector, Beal Bank USA has announced a substantial increase in funding to CBL Properties, bringing the total investment to a striking $443 million. This new funding of $110 million is earmarked for the acquisition of four enclosed regional malls located across the United States. The targeted malls for this investment include the Mesa Mall in Grand Junction, Colorado; the Paddock Mall in Ocala, Florida; the Ashland Town Center in Ashland, Kentucky; and the Southgate Mall in Missoula, Montana.

Matt Hart, Managing Director of Origination at Beal Bank's associated commercial lending subsidiary, CSG Investments, expressed excitement about this opportunity. He noted, "On behalf of our broader team at Beal Bank, we are delighted to have this opportunity to expand and extend our support for CBL and their growing portfolio of market-dominant retail properties. This deal further demonstrates CSG Investments' continued commitment to the Commercial Real Estate industry."

Ben Jaenicke, the Executive Vice President and CFO of CBL Properties, highlighted the financial benefits of this synergetic partnership with Beal Bank. He stated, "We are pleased to further our relationship with Beal Bank through this transaction. This financing strengthens our balance sheet by extending our maturities, reducing interest rate risk, and locking in the attractive returns and cash flow generation from the four-mall acquisition."

Since its inception, Beal Bank USA has cultivated a robust reputation within the financial sector. Headquartered in Las Vegas, Nevada, Beal Bank has recorded impressive assets, approximately $16.9 billion as of June 2025. The bank is recognized as a stable and strongly capitalized financial institution, bringing not just capital but also strategic insights into the table. Its subsidiary, CSG Investments, Inc., headquartered in Dallas, Texas, is well-equipped to deliver flexible and creative financing solutions to both commercial and industrial clients, making it a significant player in the financial landscape.

CBL Properties, which is based in Chattanooga, Tennessee, is known for owning and managing a national portfolio of retail properties in vibrant and growing markets. Their portfolio includes 89 properties totaling around 55.4 million square feet across 22 states, comprising 55 high-quality enclosed malls and multiple open-air centers. CBL Properties is committed to active management and productive reinvestment to enhance its assets' value and operational efficiency.

This latest funding is anticipated to create a substantial impact on the retail landscape in the involved communities as CBL continues to sustain and grow its market share through strategic acquisitions and management practices. The aligns with Beal Bank's vision of fostering growth within the commercial real estate sector while also providing lucrative returns to their stakeholders.

As the retail sector evolves amidst changing consumer behaviors and market dynamics, collaborations such as those between Beal Bank USA and CBL Properties are increasingly vital. They not only provide essential funding but also stimulate economic growth by enhancing infrastructure and service availability in various regions. This move is a testimony of confidence in the retail market and highlights the importance of sound financial partnerships in navigating the complexities of commercial real estate investments.