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CBRE Arranges $28M for Twitter HQ in SoMa

SAN FRANCISCO-The loan indicates lender confidence in San Francisco's hottest market.

By Morris Newman | Updated on November 14, 2011

SAN FRANCISCO-The capital markets debt & equity finance unit of CB Richard Ellis Group Inc. 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% 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.

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