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Major Office Tower in Manhattan’s Financial District Gets $575 Million Loan Extended

Building That Once Housed Deutsche Bank Is Being Redeveloped
The property at 60 Wall St. in lower Manhattan is undergoing a $250 million redevelopment. (CoStar)
The property at 60 Wall St. in lower Manhattan is undergoing a $250 million redevelopment. (CoStar)

Paramount Group, the owner of top-tier office properties in New York and San Francisco, has modified and extended the maturity of an existing $575 million mortgage that analysts have said it’s defaulted on.

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