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TDA Investment Group & AFL-CIO Provide $80M Construction Loan For San Francisco Development Site

Property Image
FINANCED
$80,000,000
Mark Ritchie
Jeff Wilcox
Charlie Kokernak

California

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Development Site1,166 SF
Financed 02/09/2021
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Property Image
FINANCED

TDA Investment Group & AFL-CIO Provide $80M Construction Loan For San Francisco Development Site

99 Ocean Ave, San Francisco, CA, USA

See Similar Deals
Development Site1,166 SF
Financed 02/09/2021
Mark Ritchie
Jeff Wilcox
Charlie Kokernak
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$68,610
Total Square Footage:1,166 SF
Transaction Type:Loan

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

Players

Jeff Wilcox
Gantry
Jeff Wilcox
11 deals$383.7M volume
BROKER
Charlie Kokernak
Charlie Kokernak
4 deals$149.7M volume
BROKER
Mark Ritchie
Gantry
Mark Ritchie
6 deals$179.8M volume
BROKER
TDA Investment Group
TDA Investment Group
LENDER
PV
Presidio Bay Ventures
LANDLORD

Details

FINANCED
IMAGE: LOAN IMAGE: Jeff Wilcox, Charlie Kokernak & Mark Ritchie DATE: 02/09/2021 ADDRESS: 99 Ocean Ave MARKET: San Francisco ASSET TYPE: Development site LENDER: TDA Investment Group & AFL-CIO LANDLORD: Presidio Bay Ventures BROKERS: Jeff Wilcox, Charlie Kokernak & Mark Ritchie - Gantry LOAN AMOUNT: $80,000,000 UNITS: 193 LOAN TERMS: four-year

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$80,000,000.00

Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00