Updated Oct 29, 2024
TDA Investment Group & AFL-CIO Provide $80M Construction Loan For San Francisco Development Site
99 Ocean Ave, San Francisco, CA, USA
$80,000,000
$68,610/SF
Building Size
1,166 SF
Asset Type
Development Site
Closing
Feb 8, 2021
About this deal
AI
99 Ocean Ave in San Francisco has secured a construction loan of $80,000,000 from TDA Investment Group and AFL-CIO. The loan terms are set for four years. The development site will consist of 193 units.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $80,000,000
- Units: 193
- Loan Terms: Four years
Gantry brokers Jeff Wilcox, Charlie Kokernak, and Mark Ritchie represented the buyer/seller/landlord/tenant in this deal
The development site loan at 99 Ocean Ave, San Francisco, CA, USA in San Francisco, California financed for $80M in 2021. Reported inventory is 1,166 square feet across 193 units, or about 68.6K per square foot. Mark Ritchie, Jeff Wilcox, Charlie Kokernak, Gantry appear on the loan alongside Gantry. This page is the San Francisco, California file for the 99 Ocean Ave, San Francisco, CA, USA development site financed: pricing, party profiles, and other closed development site comps from the same San Francisco sit in the Market section below. Filter that San Francisco development site set by closing date to see what else financed near 99 Ocean Ave, San Francisco, CA, USA around 2021. Published consideration for 99 Ocean Ave, San Francisco, CA, USA is $80M, dated 2021. Cite this TDA Investment Group & AFL-CIO Provide $80M Construction Loan For San Francisco Development Site loan when underwriting similar development site product around San Francisco, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93