Related Companies and Oxford Properties Group have secured a $348.8M construction loan for the 1,000-foot-tall office tower which will opening later this year at 50 Hudson Yards.

Wells Fargo is providing what's being called a "rehab" construction loan, since this is the second loan covering the cost of building 50 Hudson Yards.

In 2017, a consortium of banks including Wells Fargo, Deutsche Bank, Banks of China, HSBC and Sumitomo Mitsui provided a $1.5B senior construction loan for 50 Hudson Yards.

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