FINANCED
Tyler Shegerian, Adam Mortanian & Connor Haubursin Of PACT Capital Provide $2.5M Loan In San Francisco
59 West Portal Avenue
Retail
Financed 79 days ago
Summary
Loan
CALIFORNIA
Retail
A $2.5 million acquisition loan was provided by Tyler Shegerian, Adam Mortanian, and Connor Haubursin of PACT Capital, Inc. for a two-tenant retail property in San Francisco's West Portal neighborhood. The loan was cross collateralized by an adjoining property owned by the sponsorship, totaling one contiguous acre.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Lender: Tyler Shegerian, Adam Mortanian & Connor Haubursin - PACT Capital, Inc.
- Loan Type: Bridge Loan
- Loan Terms: Fixed Rate 18 Month Term
The acquisition financing facility facilitated a streamlined closing for the sponsorship's land assemblage in preparation for future redevelopment plans of a luxury mixed-use retail/apartment project. The fixed-rate interest-only loan was extended at 44% LTC over an 18-month term, featuring a flexible prepayment penalty.
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Details
FINANCED
IMAGE: Tyler Shegerian, Adam Mortanian & Connor Haubursin
DATE: 02/07/2024
MARKET: San Francisco
ASSET TYPE: Retail
LENDER: Tyler Shegerian (@TylerShegerian), Adam Mortanian (@AMORT22) & Connor Haubursin (@ConnorHaubursin) - PACT Capital, Inc. (@PACTCapital)
LOAN AMOUNT: $2,500,000
LOAN TYPE: Bridge Loan
LOAN TERMS: Fixed Rate 18 Month Term
NOTE FROM LENDER: PACT Capital provided a $2.5.5 million acquisition loan for a two-tenant retail property located in San Francisco's West Portal neighborhood. The acquisition loan was cross collateralized by an adjoining property owned by sponsorship, totaling one contiguous acre. The acquisition financing facility provided the sponsorship with a streamlined closing to finalize their land assemblage in preparation for future redevelopment plans of a luxury mixed-use retail/apartment project.
The fixed rate interest-only loan was extended at 44% LTC over a term of 18 months and includes a flexible prepayment penalty.
PACT Capital continues to fund competitive fixed-rate bridge loans unaffected by the market’s short- and long-term interest rate volatility.
Contact our team today if you’re interested in financing your next project!View on map
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Address59 West Portal Avenue
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