The owner of downtown tower 28 Liberty St. is said to be in talks to take out a mortgage of more than $1B on the property.

Last year, Fosun — the Chinese firm that owns the tower, formerly known as One Chase Manhattan Plaza — was looking to recapitalize the asset by selling a 49% stake in the building. Attempts to sell the stake have been unsuccessful, Crain’s New York Business reports, and Fosun is now looking at a $1.1B mortgage, with Deutsche Bank as the lead lender.

That mortgage would refinance the building's existing, $792M loan from 2017, also taken out with Deutsche Bank. Other lenders could potentially provide the new financing, or Deutsche could securitize the debt.

The deal would give Fosun hundreds of millions in cash, and allow it to stay on as the sole owner. The owners spent around $200M on upgrades to the 2.2M SF 28 Liberty St., which it bought for $725M from JPMorgan Chase in 2013.

Last year, Fosun inked an office lease with Wolters Kluwer, a global information services company, for 130K SF. The London Stock Exchange has leased 75K SF in the building. Scor, a France-based reinsurance firm, leased space on the 53rd and 54th floors of the building earlier this year, per Crain’s.

Alamo Drafthouse Cinema is taking 40K SF of retail space, the first location in Manhattan for the popular, F&B-forward movie theater chain, and Legends Hospitality is planning a 35K SF food and entertainment venue there.