Madison Capital and Taconic Capital Provide $40 Million Financing for 180 Howard Street Acquisition in San Francisco

Madison Capital and Taconic Capital have closed a $40 million loan to support the acquisition of 180 Howard Street, an office building in San Francisco, according to an announcement dated June 29, 2026.

The property encompasses approximately 211,146 rentable square feet and was built in 1978. The State Bar of California is identified as a tenant associated with the property. The reported sale price was approximately $54 million, implying a price of roughly $255 per square foot. The $40 million loan represents a loan-to-value ratio of approximately 74 percent on the acquisition price.

Property Details

180 Howard Street is located in San Francisco, California. The building was constructed in 1978 and encompasses approximately 211,146 rentable square feet. The State Bar of California is identified in available records as a tenant at the property. Additional details regarding the building's physical specifications, floor plate sizes, ceiling heights, elevator count, or classification were not disclosed in the source materials.

Lenders

Madison Capital and Taconic Capital jointly provided the $40 million loan to support the acquisition of 180 Howard Street. The specific loan structure, including loan type, term, and other terms, was not disclosed in the available source materials.

Sources

Yahoo Finance — Madison Capital, Taconic Capital: $40 Million Financing For 180 Howard Street Acquisition In San Francisco