$113.5M Financing for 12-Asset San Francisco MF Portfolio
Mosser Capital secured $113.5 million in financing for a 12-property, 455-unit multi-housing portfolio with 13 ground-floor retail suites in San Francisco. HFF worked on behalf of the borrower to secure the six-year, including extension options, floating-rate loan through an affiliate of Walton Street Capital, L.L.C. The loan included interest-only payments through the first five years of the term.
The properties in the portfolio are:
- 775 Geary (36 units)
- 1029 Geary (58 units)
- 17 Decatur (8 units)
- 840 Van Ness (50 units)
- 2360 Van Ness (21 units)
- 245 Leavenworth (48 units, pictured)
- 305 Hyde (38 units)
- 347 Eddy (40 units)
- 371 Turk (25 units)
- 575 O’Farrell (47 units)
- 618 Bush (38 units)
- 891 Post (46 units)
All properties are near mass transit, employment and retail amenities in the highly-desirable Civic Center, South of Market, Chinatown and Russian Hill submarkets.
HFF’s debt placement team representing the borrower included Peter Smyslowski and Bercut Smith.
For comments, questions or concerns, please contact Dennis Kaiser