Columbia Property Trust Modifies $1.8B Loan After Multiple Defaults
After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio.
The June agreement will modify the debt, which is secured by buildings in San Francisco, Boston, New York and Jersey City, New Jersey, the San Francisco Business Times reported. It places the debt back in good standing and extends the maturity date to July 2028.
