North Beach Building Owned for Over 50 Years By Francis Ford Coppola Put Up as Collateral

"It's not the first time that the oxidized copper-trimmed Sentinel Building has been used as collateral by Francis Ford Coppola, and it's not the first time that Coppola has had to weather the fallout from a film that tanked at the box office. But the late-in-life would-be epic , which Coppola had been working on for 40 years, was more expensive than his other disappointments, and he already sold his two Sonoma County winery properties in order to fund its $120 million cost."

"It should be noted that Coppola, 86, must still be doing pretty well, financially, and he isn't actually selling the seven-story building at the intersection of Columbus, Kearny and Jackson streets which alone could net him a tidy sum. (As the Chronicle notes, he bought it in 1973 for $500,000.) Coppola sold the Francis Ford Coppola Winery and Archimedes Vineyard properties, along with Virginia Dare Winery, both in Geyserville, in a deal valued at $650 million in 2021."

Francis Ford Coppola put the oxidized copper-trimmed Sentinel Building in San Francisco's North Beach up as collateral for a new private loan while continuing to absorb losses from an expensive, late-in-life film project. The film, a decades-long passion project costing about $120 million, led Coppola to sell two Sonoma County winery properties to help fund production. Coppola still retains major assets, including Inglenook in Napa and a hotel group with properties in Belize, Atlanta, and southern Italy. The Sentinel Building houses Cafe Zoetrope and a literary magazine and had previously been used as collateral in 1998 and nearly lost in 1980.

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