DDG Partners Secures $26M Bridge Loan For Multifamily Property In San Francisco

The multifamily property located at 235 Valencia St. in San Francisco has recently undergone a loan transaction. The property spans approximately 25,900 square feet and consists of 40 units. The loan, arranged by Dwight Mortgage Trust, was secured by Ian Hawk and David Scheer. The loan amount was $26,000,000, and it was categorized as a bridge loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Address: 235 Valencia St.
• Market: San Francisco
• Square Footage: 25,900
• Units: 40
• Lender: Dwight Mortgage Trust - Ian Hawk & David Scheer
• Landlord: DDG Partners - Joseph McMillan
• Brokers: Aaron Appel & Ari Hirt - Walker & Dunlop

In addition to the lenders and landlords involved in the transaction, brokers Aaron Appel and Ari Hirt from Walker & Dunlop played a significant role in facilitating the deal.