Updated Oct 29, 2024
Counterpointe Sustainable Advisors Refinances Aronson Building In San Francisco For $255.9M
706 Mission St San Francisco, Ca 94103, Usa
$255,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 21, 2023
About this deal
AI
The historic Aronson Building in San Francisco's market has been the subject of a record-breaking $255.9 million PACE financing deal. Counterpointe Sustainable Advisors, represented by Christopher Hoeffel, successfully closed the transaction to convert this multifamily property into Four Seasons Private Residences. The project is a remarkable example of integrating climate change initiatives into real estate, as it showcases energy-efficient upgrades and has achieved LEED Silver certification.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $255,900,000
- Landlord: Counterpointe Sustainable Advisors - Christopher Hoeffel
- Loan Type: Refinance
This landmark deal, facilitated by Counterpointe Sustainable Advisors and Christopher Hoeffel, demonstrates their commitment to sustainable real estate development. The successful conversion of the Aronson Building into Four Seasons Private Residences reflects their expertise in combining environmental consciousness with property transformation. The project's energy-efficient enhancements and prestigious LEED Silver certification further solidify its standing as a notable example of the intersection between climate change and real estate.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93