Updated Sep 11, 2026
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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $22,530,000
- Lender: Castellan Capital
- Landlord: Leap Development
- Brokers: Antonio Hachem, Wendy Wang & Cornelius Baliukonis - Slatt Capital
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.
On the Map
$22,530,000
$645/SF
Condo
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Players
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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