San Francisco, CA –The Capital Markets Debt & Equity Finance unit of CB Richard Ellis Group Inc. (CBRE) has arranged $28 million in financing for 795 Folsom, a 185,444-square-foot office building in this city’s SoMa district. The building, which serves as headquarters for Twitter, is 100 percent leased.

The five-year, non-recourse loan carries a fixed interest rate and allows the borrower to prepay the loan in years two through five, according to CBRE. The lender is a life insurance company that CB declined to name.

 “The financing definitely shows confidence that the capital markets have in the SoMa office market, and this loan is a reflection of that,” says John Nelson, a CBRE executive vice president who helped arrange the loan. He characterized 795 Folsom as having an “outstanding location, solid market demand and rent growth.”

The owner, Cornerstone Real Estate Advisers, recently bought the building in an all cash deal.

Mike Riccio, a CBRE Senior Managing Director and Susan Larkin, Vice President, both of the company’s Hartford, Ct., office worked with Nelson and Michael Walker, lead analyst of CBRE’s Capital Markets group in San Francisco, to originate the loan on behalf of the owner..

The South of Market district in San Francisco, popularly known as SoMa, is the city’s most active submarket, according to CBRE. Demand for space from major technology firms is driving the high level of leasing and sales in the submarket. The area is “leading the commercial real estate recovery in San Francisco,” according to a CBRE spokesperson.