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SAN FRANCISCO — The owners of the DRAKE Gastro Lounge have acquired its current building in San Francisco for $4.3 million. The two-story restaurant, bar, and lounge property is located at 508 Fourth Street in the South of Market area (SOMA).
The owners were able to purchase the 9,900-square-foot building through a 20-year, fixed-rate, SBA 504 loan. Financing was provided by Bruce Whitaker of TMC Financing. The third-party lender was Stanford Federal Credit Union.