Updated Sep 8, 2026
The Swig Company Refinances Mills Building At 220 Montgomery St In San Francisco With Invesco Real Estate
220 Montgomery Street
Building Size
491,000 SF
Asset Type
Office
Closing
Jul 21, 2026
About this deal
AI
The property involved is the Mills Building located at 220 Montgomery Street in San Francisco's Financial District. It encompasses 491,000 square feet of office space. The asset has undergone refinancing with Invesco Real Estate as the lending institution.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 220 Montgomery Street
- Market: San Francisco, CA
- Asset Size: 491,000 square feet
- Lender: Invesco Real Estate
- Landlord: Connor Kidd - The Swig Company
- Broker: Jeff Wilcox - Gantry
- Loan Type: Refinance
The refinancing was facilitated by Jeff Wilcox from Gantry, following notable leasing activity which included over 80,000 square feet of newly built spec suites leased within the past year, positively impacting occupancy levels at the historic office property.
Players
Montgomery Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93