JPMorgan Eyes Sale of $350 Million Loan on Manhattan’s HSBC Tower
- Lender seeks to offload debt tied to Midtown’s HSBC Tower
- Bank is offering potential financing to sweeten the deal
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JPMorgan Chase & Co. is looking to sell a loan backed by Manhattan’s HSBC Tower as banks face heightened pressure from regulators to reduce exposure to office real estate.
The bank has approached potential buyers to take over its roughly $350 million loan on 452 Fifth Ave., according to people familiar with the matter.