The asset involved in the transaction is a mixed-use property located at 477 9th Avenue in the San Mateo market. This development consists of 120 units and features 29,000 square feet of office space. A construction loan of $61,000,000 was secured for the project, known as Arbello.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $61,000,000
• Units: 120
• Office Space: 29,000 SF
• Address: 477 9th Avenue
• Market: San Mateo
• Landlord: Bennett Lebherz - JPF Capital; Stephen Siri & Justin Osler - The Martin Group
• Broker: Brandon Roth - IPA Capital Markets
• Loan Type: Construction

Brandon Roth of IPA Capital Markets facilitated the financing arrangements for this project on behalf of the developers, The Martin Group and JPF Capital. The collaboration between these entities underscores their involvement in advancing the mixed-use development sector within the San Mateo market.