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1/09/17
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Meridian Capital Group arranged $28.5 mil in CMBS refi money on a 12.7k sf, retail condo in downtown San Francisco. The asset, located at 166 Geary St, includes such tenants as Jimmy Choo, Suit Supply and La Perla.
166 Geary Street presented a unique opportunity to refinance the retail condominium portion of a prime asset in Union Square, the iconic shopping, hotel and theater district enjoyed by tourists and residents alike. The property is situated directly across from the Neiman Marcus entrance at one of the busiest pedestrian intersections in San Francisco. 166 Geary Street features two sides of retail frontage and is Union Square’s second tallest building, offering panoramic views in all directions.
The 10-year, full-term interest-only CMBS loan was arranged by Meridian’s Shaya Ackerman and Shaya Sonnenschein, and funded by Citigroup. It was provided on behalf of Elliot, Gabriel and Ike Chehebar of The Jackson Group.
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