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

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FINANCED
$2,500,000

California

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Retail
Financed 02/07/2024
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Property Image
FINANCED

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

Retail
Financed 02/07/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

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.

Players

PACT Capital
PACT Capital
LENDER

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 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!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00