555 California, owned by Vornado and Trump, added to loan watchlist - San Francisco Business Times

📆 22/02/2023 04:15:00
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Lenders are raising some concerns over the loan for one of San Francisco's largest office buildings.

The loan for 555 California St., the second-largest office complex in San Francisco, has been placed on a loan servicer watchlist, according to disclosures to bond investors.

The owners are current on the $1.2. billion in mortgage debt secured by the property. Loans can be added to servicer watchlists for a host of reasons and are an indication of potential challenges threatening a borrower's ability to stay current on a given loan. I've reached out to Vornado for comment.

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