Bank Of China Provides $190M Refinance Loan For SoMa Office At 633 Folsom St
633 Folsom St, South Beach, San Francisco, CA, USA
$190,000,000
$701/SF
Building Size
271,000 SF
Asset Type
Office
Closing
Oct 6, 2021
AI
The Swig Co., a landlord in SoMa, has secured a $190 million refinancing loan for an office property located at 633 Folsom St. The loan was provided by Bank of China and has a 7-year fixed-rate term. The office building spans 271,000 square feet and is situated in the bustling SoMa market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $190,000,000
- Address: 633 Folsom St.
- Market: SoMa
- Loan Type: Refinance
- Loan Terms: 7-year, fixed-rate
JLL, represented by Bruce Ganong, Lillian Roos, and Spencer Bergthold, acted as the broker in this transaction.
Players
San Francisco 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93