Updated Oct 8, 2026
Genesis Provides $51,100,000 Acquisition Loan For Office At 875 And 899 Howard Street San Francisco
875 Howard Street & 899 Howard Street
$51,100,000
$179/SF
Building Size
193,000 SF
Asset Type
Office
Closing
Sep 24, 2026
About this deal
AI
The asset involved in the transaction is an office property located at 875 Howard Street & 899 Howard Street in San Francisco, CA. The property has a total square footage of 285,000 and is part of the San Francisco market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $51,100,000
- Lender: Michael Hess, Jake Gerber & Ezra Husney - Genesis
- Loan Type: Acquisition
- Loan Date: 09/24/2026
The deal involves key individuals, including Michael Hess, Jake Gerber, and Ezra Husney representing the lending entity Genesis, facilitating the acquisition loan for this office property.
On the Map
$51,100,000
$179/SF
Office
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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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93