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Home Commercial BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt
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BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt

August 11, 20263 Mins read534
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Boston-based BXP and lender MetLife pushed out the maturity on Safeco Plaza's mortgage by more than two years and locked in a fixed rate, while adding cash-management and reserve controls that signal a defensive stance on the 50-story downtown Seattle tower.

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