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BAY AREA NEWS
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Rockwood Capital Arranges $40 Mil on San Francisco Res Building

8/18/15

Rockwood Capital has obtained $40 mil in refi money for The Gantry, a five-story, 105-unit residential building in San Francisco. The Gantry is located at 2121 Third St, east of I-280 and just south of Mission Bay in the city’s Dogpatch District.

The Gantry community consists of 87 market rate and 18 affordable units. Amenities include nine-foot raised ceilings, fully-equipped gourmet kitchens, quartz countertops, wood-style flooring, in-unit washer/dryers and large walk-in closets. Property amenities include a rooftop lounge with a fire pit, barbeque area and views of downtown San Francisco and the Bay Area come standard.

The Gantry has front door public transportation and is located in a mecca of new bars and restaurants. The Dogpatch neighborhood has a 22.2% year-over-year annual price increase. From April to June 2015, the neighborhood experienced the most home sales in all of San Francisco, with a median price of $1.5 mil.

Andrew Behrens and Jesse Weber of CBRE’s San Francisco Capital Markets’ Debt & Structured Finance team arranged the seven-year, interest-only loan through Northwestern Mutual.





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