San Francisco
Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.
On the Market: 5 Interesting Listings for the Week of 7/30
This week’s selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
Related Breaks Ground on SF Property
The 299-unit project, known as 1601 Mariposa, will include 60 affordable apartments and more than 9,400 square feet of street-level retail.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
SF Affordable Property Lands Refi
The new loan, provided by JPMorgan Chase, pays down $11.3 million in construction financing provided by the city in 2001.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Are ADUs the Answer to San Francisco’s Affordable Housing Crisis?
While the Bay Area is often referred to as the heart of unaffordability, San Francisco has been working to provide more cost-effective housing by making the planning, permitting and building processes for accessory dwelling units easier.