Panoramic Multifamily Scores Mezz Loan
ByWith 2,000 attendees and an outstanding speaker lineup, you can’t afford to miss RealShare APARTMENTS in Los Angeles on October 21-22.
Panoramic is located at 1321 Mission St.
SAN FRANCISCO—A $12.5 million mezzanine loan for the newly built Panoramic, a 160-unit multi-family and mixed-use building located at 1321 Mission St. has been secured. The loan was originated by Square Mile Capital Management LLC. The $12.5 million loan provided to the ownership is part of a larger $65 million loan facility, withUBS Real Estate Securities Inc. originating the senior portion of the loan.
Brad Cohen, Square Mile managing director, tells GlobeSt.com: “San Francisco needs projects like this one to help address its critical affordable housing shortage. We were pleased to provide capital to make this viable.” …
