Clark Tower foreclosure related to lenders’ desire to foil refinancing, In-Rel says

Owner defaults on $60 million loan, lenders claim

By , Daily Memphian Updated: February 27, 2019 10:25 PM CT | Published: February 27, 2019 7:28 AM CT

Lenders have foreclosed on Clark Tower, saying the owner defaulted on a $60.75 million loan. But the building owner claims the lender is reneging on a refinancing agreement and filed suit in August. 


Clark Tower Commercial Real Estate foreclosures
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.


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