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Home Commercial $188MM Loan on San Francisco’s 55 Second Listed for Sale at Discount
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$188MM Loan on San Francisco’s 55 Second Listed for Sale at Discount

April 7, 20252 Mins read1.2k
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Photo by Rich Hay on Unsplash
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A $187.5 million loan backed by 55 Second Street in San Francisco is up for sale, potentially changing ownership of the office tower. Paramount Group has written the building down to zero, signaling devaluation. With rising vacancy rates and significant loan maturity challenges, the real estate market remains under pressure despite some demand recovery.

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