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ASB Secures $100M Financing for SoMa Asset
Bethesda, MD-based ASB Real Estate Investments secured $100 million in financing for a Class A office building at 795 Folsom St. in the heart of San Francisco’s SoMa district. ASB obtained the five-year, fixed-rate loan from Capital One at a 3.478% interest rate.
ASB’s Aaron Duncan says, “The Capital One loan is well-timed to lock in attractive financing on a strong, income-producing core asset.”
The loan was secured on behalf of ASB’s Allegiance Real Estate Fund, a core investment vehicle, as part of investment firm’s strategy to take advantage of favorable interest rates.
Located at the corner of 4th and Folsom Streets, adjacent to the Moscone Center and a future Central Subway station, the six-story, 189,000-square-foot office building was built in 1977 and acquired by ASB in 2013. The building features high ceilings and distinctive interior features valued by creative office tenants.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


