**Hudson Pacific Completes $285M Refinancing of 1918 Eighth in Seattle**
Hudson Pacific Properties, Inc. has successfully refinanced the loan secured by 1918 Eighth, a 668,000-square-foot office tower located in Seattle’s Denny Triangle. The Class A office building is currently 99% leased.
The new financing is a five-year, interest-only loan with a fixed interest rate of 6.16%, maturing in August 2030. Hudson Pacific, which owns a 55% stake in the property through a joint venture, utilized its portion of the net proceeds to pay off its share of the prior $314.3 million loan originally due to mature in December 2025.
Wells Fargo led the refinancing transaction, with Newmark serving as the broker.
“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, Chief Financial Officer of Hudson Pacific.
Strategically situated between downtown Seattle and South Lake Union, 1918 Eighth is within proximity to major employers and amenities, including Amazon, Seattle Children’s Research Institute, restaurants, hotels, and residential communities.
