Hudson Pacific Properties, a provider of end-to-end real estate solutions for tech and media tenants, announced the refinancing of a loan secured by 1918 Eighth, a 668,000-square-foot class A, 99 percent leased office tower located in Seattle’s Denny Triangle.
The new five-year, interest-only loan carries a fixed rate of 6.16 percent and matures in August 2030. Hudson Pacific, which owns 55 percent of 1918 Eighth in a joint venture, used net proceeds to repay its share of the prior $314.3 million loan scheduled to mature in December 2025.
"This transaction, addressing the last of our 2025 debt maturities, once again highlights the quality of our portfolio and our team’s ability to execute in today’s selective credit environment," said Harout Diramerian, CFO at Hudson Pacific. "Prudent financial management has transformed our balance sheet and positioned us well to support leasing efforts as the West Coast office and entertainment industry recov
