San Francisco Multifamily Portfolio Receives $600M Loan

Natixis served as the lead arranger and administrative agent on the transaction secured for a partnership of two pension funds and a local operator.
San Francisco. Image by David Mark from Pixabay

A partnership consisting of two pension funds and a local operator received a $600 million loan for a portfolio of multifamily properties located throughout some of San Francisco’s most notable neighborhoods, including Lower Nob Hill District, Tenderloin, Hayes Valley, Nob Hill District, Mission District, North of the Panhandle and Telegraph Hill.

Natixis, a French investment bank, served as lead arranger and administrative agent. The owners, described as having a depth of experience in managing multifamily assets, were not identified by name. Additional details about the financing were not available at press time.

Other Multifamily Deals

In October, Natixis originated a $45 million floating-rate, first mortgage loan for Hines Global Income Trust to acquire Venue Museum, a luxury multifamily community in Houston’s Museum District. The property has 244 one-and two-bedroom units in two mid-rise buildings.

A month earlier, Natixis provided the acquisition financing for The Accend Cos. to purchase M South, a 288-unit garden-style multifamily community in Tampa, Fla., from Pollack Shores and equity partners HQ Capital Real Estate.