SAN FRANCISCO—A class-A office building at 795 Folsom St. is near an abundance of renovated properties and proposed construction in SOMA. The property is situated at the corner of 4th and Folsom Streets adjacent to the newly renovated Moscone Center, across the street from the future Central Subway station, and just three blocks from Caltrain and BART/Muni lines.
Financing of $100 million was recently acquired for the asset. ASB Real Estate Investments secured the five-year fixed-rate loan from Capital One at a 3.478% interest rate. The loan was secured on behalf of ASB's Allegiance Real Estate Fund, a core investment vehicle, as part of the investment firm's strategy to take advantage of favorable interest rates.
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