---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-25-000012"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T11:43:21.852224+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# LendingClub buys SF headquarters for $74.5M; expects to occupy in Spring 2026

## Summary
- Property at 88 Kearny St is 233,887 sq ft; purchase price $74.5M cash, funded from balance sheet.
- Transaction expected to close within 30 days; bank will occupy 100,000 sq ft starting Spring 2026.
- Remaining space to be leased; purchase not expected to materially affect financial performance.
- CEO cites competitive bidding win and historically low SF commercial real estate pricing.
- Over one-third of LendingClub's 1,000+ employees are based in San Francisco.

## SEC filing metadata
- accession: 0001409970-25-000012
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997025000012/0001409970-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997025000012/lc-20250411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-25-000012
- JSON: https://secwatch.observer/filing/0001409970-25-000012.json
- Plain text: https://secwatch.observer/filing/0001409970-25-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.