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
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
Players
San Francisco Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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