Goldman Sachs, J.P. Morgan, Deutsche Bank, And Athene Annuity & Life Company Provide $750M Office Loan In San Francisco
92 U.S. 101, San Francisco, CA, USA
$750,000,000
$930/SF
Building Size
806,300 SF
Asset Type
Office
Closing
Apr 5, 2021
AI
An office property located at 92 US-101 in San Francisco has been involved in a closed transaction. The property, owned by Kylli - Ou Sun, was the subject of a loan agreement.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $750,000,000
- Street Address: 92 US-101
- Market: San Francisco
- Square Footage: 806,300
The loan for this transaction was provided by Goldman Sachs, J.P. Morgan, Deutsche Bank, and Athene Annuity & Life Company (Apollo Global Management). The loan terms include a fixed-rate period of 9.3 years.
Representatives from Cushman & Wakefield including Steve Kohn, Chris Moyer, Terry Daly, Rob Rubano, Keith Padien, Alex Lapidus, and Meredith Donovan were involved in brokering the deal.
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93