California + Bay Area + Finance | March 3, 2021

City Gardens Multifamily Gets $104M Refi

JLL Capital Markets recently arranged the $104 million refinance of City Gardens, a recently developed multifamily property located in San Francisco. JLL worked on behalf of the borrower, Panoramic Interests, to secure the three-year floating-rate loan through Ready Capital.

City Gardens consists of 200 two-, four- and five-bedroom micro-units. The property totals 152,445 square feet and features fully furnished bedrooms and living areas, expansive windows, 9-foot ceilings, and sustainable construction including energy recovery ventilation.

Located at 333 12th St. in the Western Mission/SOMA neighborhood, City Gardens is positioned near many retail options including Costco and Trader Joe’s, and various eateries. Additionally, the property is nestled between two the popular areas of Hayes Valley and the Design District.

The JLL team representing the borrower was led by Charles Halladay, Alex Witt, Jordan Angel, Jonah Aelyon and Lauren Mezzanotte.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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