BridgeInvest Closes a $44.7MM Refinance and Renovation Loan in San Francisco, CA
1st Priority Mortgage Loan
Loan Amount
$44,680,000
Property Type
Office
Location
San Francisco, CA
BridgeInvest is excited to announce the closing of a $44.7 million refinance and renovation loan secured by a 80,000 SF, Class A office property in the South Financial District submarket of San Francisco, CA. The Sponsor will complete the lease-up of the remaining vacant space at the property before pursuing a sale.
Transaction Highlights:
· 50%+ pre-leased to world-renowned VC firm
· Management team and sponsor with deep market knowledge
· AI and return-to-office tailwinds driving SF office leasing and value recovery
