A $56 million loan will bolster the Dartmouth Mall’s future growth, according to the owners.

PREIT, the mall's owner, announced Sept. 18 that it has secured a $56 million loan for the mall, ensuring the property’s continued role as the "leading shopping and community destination in Southeastern Massachusetts." 

Chief Financial Officer Mario Ventresca Jr. said in a press release that it was important to secure this loan for the mall, for Dartmouth and the surrounding area.

"This was an important financing that lowers our interest burden and strengthens our balance sheet, supporting our ability to reinvest in the mall," he said in the release. "As the region’s only enclosed center and a key community and economic hub, we see a lot of opportunity for continued merchandising upgrades."

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