Tyler Shegerian, Adam Mortanian & Connor Haubursin Of PACT Capital Provide $2.5M Loan In San Francisco

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.