Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Friday, 13 April 2018

HFF Arranges $145Mln Construction Loan for San Francisco Office Renovation

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Swig Co., which is planning to renovate and expand its 633 Folsom St. office building in San Francisco, has lined up a $145 million construction loan through HFF to fund its effort.

The seven-story building, constructed in 1966, has 171,632 square feet. But Swig, a San Francisco developer, plans to add five floors with 94,421 sf, increasing its size to 266,053 sf. It also will re-clad the building with a new façade and upgrade its elevators.

The construction loan that HFF arranged was funded by a domestic bank. Construction is planned to start this summer and be completed...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: San Francisco
  • States: California
  • Sector: Office
  • Subject: Development/Construction (DEV), Mortgages/Financing (MOR)
  • Company: Holliday Fenoglio Fowler LP
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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