310 7th Street
$6,500,000 cash-out refinance permanent loan
Historic office building
San Francisco, CA (SOMA Submarket)
Highland arranged a $6,500,000 cash-out refinance permanent loan for an owner-occupied historic office building, originally built in 1922. Highland identified a lender that provided significant cash-out, who was able to size the loan to 75% LTV and a 1.15x EBITDA/Coverage Ratio at a 10 year fixed rate in the low 4%’s.