Apollo Global Management Funds $410M Loan For San Francisco Multifamily Portfolio

The Multifamily Portfolio in San Francisco, consisting of 2,150 units across 75 apartment properties, has secured a senior loan of $410 million. This financing was provided by Marc Rowan of Apollo Global Management for the SF75 venture, jointly owned by Adrian Foley of Brookfield Corp. and Greg MacDonald of Ballast Investment. The venture acquired the properties from Veritas Investments, eliminating $155 million of mezzanine debt in the process.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $410,000,000
• Address: San Francisco
• Units: 2,150
• Lender: Marc Rowan - Apollo Global Management
• Landlord: Adrian Foley - Brookfield Corp.; Greg MacDonald - Ballast Investment

Apollo Global Management's financing of $410 million has enabled the SF75 venture to take over the large portfolio of San Francisco apartment properties, signaling a significant transaction within the real estate market. With Adrian Foley representing Brookfield Corp. and Greg MacDonald representing Ballast Investment, this deal brings together key industry players in the realm of multifamily real estate.