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706 Mission St San Francisc...

Updated Oct 29, 2024

Counterpointe Sustainable Advisors Refinances Aronson Building In San Francisco For $255.9M
FINANCEDMultiFamily

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.

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$255,900,000

MultiFamily

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Players

Counterpointe Sustainable Advisors
Counterpointe Sustainable AdvisorsLandlord
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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

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