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1178 Folsom Street, San Fra...

Updated Oct 29, 2024

Columbia Pacific Advisors Provides $22M Loan For Development Site On Folsom Street, San Francisco
FINANCEDDevelopment Site

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

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

Columbia Pacific Advisors
Columbia Pacific AdvisorsLender

San Francisco Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $75 per square foot on a published $22M for 290,350 square feet (2020).

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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

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