Updated Oct 29, 2024
Columbia Pacific Advisors Provides $22M Loan For Development Site On Folsom Street, San Francisco
1178 Folsom Street, San Francisco, CA, USA
$22,000,000
$75/SF
Building Size
290,350 SF
Asset Type
Development Site
Closing
Jun 4, 2020
About this deal
AI
1178 Folsom Street, a development site located in San Francisco, has recently undergone a loan transaction. Columbia Pacific Advisors, represented by Will Nelson, provided a loan amount of $22,000,000 for this property. The loan was secured by Erik Liu, the landlord of Transworld Construction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Lender: Columbia Pacific Advisors - Will Nelson
- Landlord: Erik Liu - Transworld Construction
- Address: 1178 Folsom Street, San Francisco
Will Nelson of Columbia Pacific Advisors played a crucial role as the lender for this loan transaction. Erik Liu, representing Transworld Construction, served as the landlord for the property at 1178 Folsom Street in San Francisco.
Players
San Francisco Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93