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First Pacific Financial Refinances Mixed-Use Property In Mission District For $7.3M

Property Image
FINANCED
$7,279,000
Joe Mercado
Grant Feitshans

California

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Mixed-use25,815 SF
Financed 04/04/2022
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FINANCED

First Pacific Financial Refinances Mixed-Use Property In Mission District For $7.3M

2501 Bryant Street, San Francisco, California 94110, United States

See Similar Deals
Mixed-use25,815 SF
Financed 04/04/2022
Joe Mercado
Grant Feitshans
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$282
Total Square Footage:25,815 SF
Transaction Type:Loan

The mixed-use property located at 2501 Bryant St. in the Mission District has been involved in a loan transaction. The property spans approximately 25,815 square feet and is situated in a vibrant market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,279,000
  • Date: 04/04/2022
  • Loan Type: Refinance
  • Loan Terms: 3.55%, 10 year fixed, 3 years IO
  • Lender: First Pacific Financial
  • Landlord: Alan Pomerantz
  • Brokers: Joe Mercado & Grant Feitshans - First Pacific Financial

The loan amount for this transaction is $7,279,000, and it has been refinanced with a loan type of refinance. The loan terms include an interest rate of 3.55%, a fixed rate for 10 years, and a 3-year interest-only period.

Players

Grant Feitshans
Grant Feitshans
3 deals$30.2M volume
BROKER
Joe Mercado
Joe Mercado
2 deals$8.7M volume
BROKER
First Pacific Financial
First Pacific Financial
LENDER

Details

FINANCED
IMAGE: Grant Feitshans & Joe Mercado DATE: 04/04/2022 ADDRESS: 2501 Bryant St. MARKET: Mission District ASSET TYPE: Mixed-use ~ SF: 25,815 LENDER: First Pacific Financial LANDLORD: Alan Pomerantz BROKERS: Joe Mercado & Grant Feitshans - First Pacific Financial LOAN AMOUNT: $7,279,000 LOAN TYPE: Refinance LOAN TERMS: 3.55%, 10 year fixed, 3 years IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,279,000.00

Monthly NOI$48,526.67
Monthly Debt Service$46,008.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00