Updated Mar 11, 2025
Merchants Capital Provides $35M Construction Loan For Mixed-use Property On Market Street In San Francisco
1000 Market Street, San Francisco, California 94102, United States
$35,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 31, 2022
About this deal
AI
The property at 1000 Market Street in San Francisco has recently undergone a closed transaction. The mixed-use asset, which includes both residential and commercial spaces, has been involved in a loan deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $35,000,000
- Loan Type: Construction Loan
Merchants Capital, represented by Lee Oiler, provided a loan of $35,000,000 for the property at 1000 Market Street. This loan is specifically a construction loan, indicating that it was likely used to finance renovations or new construction on the mixed-use asset.
The landlord of the property is HomeRise, represented by Rick Aubry. While no additional information about the deal or the individuals involved was provided, this transaction highlights the financial investment made in the property and the support it received from a reputable lender.
Players
San Francisco Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93