Regency Capital Partners

123 Mission Street


123 Mission Street

Summary

Regency Capital Partners (RCP) arranged refinancing for this 343,000 SF, Class A, LEED Platinum office tower located in the financial district. The 29-story tower is leased to a highly diversified rent roll, comprised of notable Fortune 500 companies, such as McKesson, Salesforce and Marin Software. One of the prominent towers along the Mission Street Corridor, it offers panoramic views and proximity to a high density of leading companies. With below market leases in place, the Property's debt yield was approximately 6%. Despite this, RCP secured non-recourse, floating rate financing at Libor + 150, far exceeding the Borrower's initial pricing assumptions.


Transaction Details

LOAN AMOUNT $125,000,000
FINANCING TYPE Permanent
LENDER TYPE International Bank
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
123 Mission Street
San Francisco, CA
PROPERTY DESCRIPTION This is a 343,000 SF Class A, LEED Platinum office tower located in San Francisco, CA.