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California  + Bay Area  + Finance  | 

Dogpatch Multifamily Gets $40M in Financing

The Gantry, a five-story multifamily building with 105 units in the Dogpatch neighborhood of San Francisco, has received $40 million in financing on behalf of CBRE’s Capital Markets’ Debt & Structured Finance group. Rockwood Capital was the recipient of the loan, which was provided by Northwestern Mutual.

The Gantry, located at 2121 Third St., offers 87 market-rate residences and 18 set aside for affordable housing. Property amenities include a rooftop lounge with fire pit, BBQ area, and scenic views.

Dogpatch has become one of San Francisco’s most popular new neighborhoods. Multifamily pricing in the area has risen 22.2 percent since last year.

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