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950 Tennessee Street

Castellan Capital Provides $22.5M Refinance Loan For San Francisco Condo Inventory
FINANCEDCondo

Castellan Capital Provides $22.5M Refinance Loan For San Francisco Condo Inventory

950 Tennessee Street

$22,530,000

$645/SF

Building Size

34,887 SF

Asset Type

Condo

Closing

Nov 21, 2022

AI

The property involved in this transaction is a 34,887 square foot condo located at 950 Tennessee Street in San Francisco. The transaction date for this deal was November 21, 2022.

Summary of transaction details:

The loan amount for this transaction was $22,530,000, and it was a refinance of the condo inventory. The lenders involved in this deal were Castellan Capital, representing the financial aspect of the transaction. On the landlord side, Leap Development played a significant role. The brokers involved in the deal were Antonio Hachem, Wendy Wang, and Cornelius Baliukonis from Slatt Capital. They represented the buyer or seller in the transaction.

Players

Antonio Hachem

Slatt Capital

Broker

$233M

vol

7 deals

Broker
Castellan Capital
Castellan CapitalLender

Memphis Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93