Updated Mar 17, 2025
Correspondent Life Insurance Company Provides $70M Refinance Loan For 170,000 SF Office In San Francisco Bay Area
5980 Horton St, Emeryville, California, USA
$70,000,000
$411/SF
Building Size
170,000 SF
Asset Type
Office
Closing
Nov 15, 2021
About this deal
AI
The office building located at 5980 Horton St. in the San Francisco Bay Area has recently undergone a refinancing transaction. The property spans approximately 170,000 square feet and was the subject of a loan deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $70,000,000
The lender for this refinancing loan was Correspondent Life Insurance Company. The loan amount totaled $70,000,000 and was used to refinance the property. The details of the loan type are not mentioned in the provided information. Additional information about the individuals or companies involved in the refinancing deal is not available.
Players
Emeryville 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93