Oxford Properties Group ups construction debt to $294M at St. John’s Terminal in Soho

Oxford Properties Group through its 550 Washington Owner (DE) LLC, as borrower signed a loan agreement with lender Deutsche Bank valued at $294 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 550 Washington Street in Soho. The deal closed on November 13, 2019 and was recorded on December 11, 2019. The additional debt ups the building and project loans from $30 million and $42.5 million recorded in 2018. There is an additional $357 million of first mortgage debt from Deutsche Bank on the building.

The last time the property sold was January 31, 2018, for $700,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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