Stonehill Strategic Capital And EquityMultiple Recapitalize Kuber Hotels Loan In South San Francisco For $30M

The property at 127 West Harris Ave, located in South San Francisco, SFO San Francisco Airport, Genentech Campus, was involved in a closed transaction. The loan for this property was provided by Stonehill Strategic Capital, in collaboration with EquityMultiple. The loan amount for this transaction was $30,000,000. The terms of the loan included loan purchase, assumption, and recapitalization. The property spans a total area of 64,000 square feet.

Summary of Transaction Details

• Property Type: N/A
• Transaction Amount: N/A
• Loan Amount: $30,000,000
• Loan Terms: Loan purchase, assumption, and recapitalization
• Square Footage: 64,000

In this transaction, Kuber Hotels, represented by Shane Kuber, acted as the landlord. The brokers involved in this deal were David Tobin from Mission Capital Advisors LLC, Marious Sjulsen from EquityMultiple, Mat Crosswy from Stonehill Strategic Capital, and Adam Diamond from ORIX. Their collaboration was essential in ensuring the successful completion of the transaction.

It is worth noting that the Stonehill/EquityMultiple team worked on recapitalizing and expanding an ORIX construction loan. The objective was to secure additional funds necessary to complete the construction process.