The loan for 555 California St., the second-largest office complex in San Francisco, has been placed on a loan servicer watchlist, according to disclosures to bond investors.
The owners are current on the $1.2. billion in mortgage debt secured by the property. Loans can be added to servicer watchlists for a host of reasons and are an indication of potential challenges threatening a borrower's ability to stay current on a given loan. I've reached out to Vornado for comment.
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