HFF Announces $113.5M Financing for San Francisco Multi-housing Portfolio

17 September 2018

SAN FRANCISCO, CA – September 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.

“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.”