The Swig Co. secured $190 million to refinance a 271,000-square-foot class-A office building in the SOMA neighborhood of San Francisco. The investor secured a seven-year fixed-rate loan through the Bank of China.
Located at 633 Folsom St., the building is fully leased and serves as the headquarters for Asana, a workplace management company. The Swig Co. completed significant capital improvements earlier this year, which included the addition of five floors, new building systems, a new exterior and an outdoor plaza. The building is located near local public transportation and Interstates 80 and 280.
The investor refinanced into a long-term loan from the construction financing that it secured three years ago. The JLL Capital Markets debt team senior managing director Bruce Ganong, associate Lillian Roos and analyst Spencer Bergthold secured the funding on behalf of the borrower.
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Kelsi Maree Borland
