Wells Fargo looks to foreclose on Towne West Square mall

In West Wichita

August 01, 2018 - 4:59 pm

WICHITA, Kan. (KSNW) - Wells Fargo Bank has filed a lawsuit against the owners of Towne West Square mall after an alleged failure of paying on a loan of $51 million. The bank is seeking to foreclose on the mall. 

Towne West Square is located in west Wichita. According to court documents, the $51 million loan was made in May of 2011. 

Court documents show as of August 1, 2018, the following amounts are owed on the loan taken out by Towne West Square: 

principal in the amount of $45,654,112.29

accrued interest of $220,429.47

miscellaneous advances of $60,027.86

interest on miscellaneous advances of $1,589.94

The civil court documents were filed Tuesday, July 31. You can read the complete documents by clicking the file below. 

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