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$45M in Financing Secured for Iconic San Francisco Hotel
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George Smith Partners arranged $45 million in bridge refinancing for the 131-room San Francisco Proper Hotel, located at 1100 Market St. in the heart of the city’s vibrant Mid-Market neighborhood. The capital advisor worked closely with the sponsor, Los Angeles-based The Kor Group, to arrange the financing for the historic flatiron building at the triangle of McAllister, Market and Seventh Street.
The financing was arranged by George Smith Partners’ Malcolm Davies, along with Evan Kinne, Zack Streit, Rachael Lewis, Alexander Rossinsky and Minjoo Kim.
“This was a unique opportunity to finance a highly-anticipated luxury lifestyle hotel that underwent a significant repositioning while maintaining its historic character,” said Davies. “The new loan will replace an existing construction loan and mezzanine facility, providing cost savings, term and flexibility for the sponsor.”
The property debuted last June with such amenities as a rooftop lounge, a James Beard-nominated chef restaurant and an array of in-room gadgets.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


