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9/19/18
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Mosser Capital has obtained a $113.5 mil refi loan on a 12-property, 455-unit multi-housing portfolio in San Francisco. The financing was arranged by HFF.
The portfolio includes 13 ground-floor retail suites. 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), 305 Hyde (38 units), 347 Eddy (40 units), 371 Turk (25 units), 575 O’Farrell (47 units), 618 Bush (38 units) and 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 Peter Smyslowski and associate Bercut Smith arranged 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.
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