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| 245 Leavenworth Apartments, San Francisco, CA |
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| Peter Smyslowski |
SAN FRANCISCO, CA, Sept. 17, 2018 – HFF announces $113.5 million in
financing for a 12-property, 455-unit multi-housing portfolio with 13
ground-floor retail suites in San Francisco, California.
The HFF team worked on behalf of the borrower, Mosser
Capital (Mosser), to secure 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.
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.
The HFF debt placement team representing the borrower
included senior managing director Peter Smyslowski and associate Bercut Smith.
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| Bercut Smith |
“The sound economic fundamentals of this multi-housing
portfolio and the San Francisco market attracted a diverse array of domestic
and foreign capital providers,” Smyslowski said. “Mosser could not have
been more impressed by Walton Street’s expert loan execution.”
Holliday GP Corp.
(“HFF”) is a real estate broker licensed with the California Department of Real
Estate, License Number 01385740.
CONTACTS:
PETER SMYSLOWSKI
CA Lic. #01301231
HFF Senior Managing
Director
(415) 276-6300
OLIVIA HENNESSEY
HFF Public Relations
Specialist
(713) 852-3500
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