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

Property Image
FINANCED
$22,000,000

California

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Development Site290,350 SF
Financed 06/05/2020
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Property Image
FINANCED

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

1178 Folsom Street, San Francisco, CA, USA

See Similar Deals
Development Site290,350 SF
Financed 06/05/2020
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$75
Total Square Footage:290,350 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Will Nelson & Erik Liu DATE: 06/05/2020 ADDRESS: 1178 Folsom Street MARKET: San Francisco ASSET TYPE: Development Site LENDER: Columbia Pacific Advisors - Will Nelson LANDLORD: Erik Liu - Transworld Construction LOAN AMOUNT: $22,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,000,000.00

Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00