L&B Realty Receives $90M to Refinance South Beach Marina Apartments in San Francisco

The mid-rise property contains five buildings and 4,708 square feet of ground-floor retail that is currently occupied by two restaurants and a salon.

The mid-rise property contains five buildings and 4,708 square feet of ground-floor retail that is currently occupied by two restaurants and a salon.

SAN FRANCISCO — A state pension fund advised by L&B Realty has received $90 million to refinance the 414-unit South Beach Marina Apartments in San Francisco. The Class A community is located at 2 Townsend St.

South Beach Marina Apartments was built in 1989. The mid-rise property contains five buildings and 4,708 square feet of ground-floor retail that is currently occupied by two restaurants and a salon. Amenities include two tennis courts, a luxury lobby/lounge area, community/billiards room, landscaped courtyard, outdoor pool, and spa and fitness center.

Grandbridge Real Estate Capital originated the 12-year, interest-only loan.

Tagged loans

Comments

Post a Comment

Popular posts from this blog

New Assisted Living And Memory Care Community To Celebrate Its Grand Opening In West Yarmouth

Image
WEST YARMOUTH, Mass. , Aug. 17, 2017 /PRNewswire/ -- Mill Hill Residence , a Maplewood At Mayflower Place community , will announce its grand opening on Wednesday, August 23 rd from 4:00 PM to 7:00 PM at the former site of the Mill Hill Club at 164 MA-28 in West Yarmouth . Attendees will have a first look to see the residence and experience its personalized services and amenities.    Maplewood Senior Living )" src="https://mma.prnewswire.com/media/546334/Maplewood_Senior_Living_Grand_Opening.jpg?w=800" alt="(PRNewsfoto/ Maplewood Senior Living )" class="img-responsive" /> (PRNewsfoto/ Maplewood Senior Living )... In attendance at the event will be Representative William L. Crocker, Jr. and Yarmouth town officials including Town Administrator Daniel Knapi...
Read more

Rent this apartment, and you'll get cashmere-lined closets

Image
KATHLEEN KINNEY Last updated 14:23, August 16 2017 level penthouse apartment on Manhattan's 5th Avenue near Central Park? It'll set you back US$100k ..." title="" src="https://resources.stuff.co.nz/content/dam/images/1/l/0/k/n/u/image.related.StuffLandscapeSixteenByNine.620x349.1l0ism.png/1502850240399.jpg" class="photoborder" /> CORCORAN GROUP Want to rent this two- level penthouse apartment on Manhattan's 5th Avenue near Central Park? It'll set you back US$100k per month. Manhattan's Central Park is surrounded by opulent apartment buildings , and 988 Fifth Avenue is known as one of the Upper East Side 's most exclusive addresses. In fact, actress-turned- princess Grace Kelly called the building home for a few years. The 1925 14-floor building was designed in an Italian Renaissance -palazzo-style and had just one apartment per floor. But decades later,  Italian businessman Pier Guerci created a new, two- level penthou...
Read more

Functional Modern Apartment With Geo Patterns

modern apartment was designed for a young family expecting a child, it's fresh, chic and functional" title="This modern apartment was designed for a young family expecting a child, it's fresh, chic and functional" src="http://www.digsdigs.com/photos/2017/08/01-This-modern-apartment-was-designed-for-a-young-family-expecting-a-child-its-fresh-chic-and-functional-775x436.jpg" width="640" height="360" /> This modern apartment was designed for a young family expecting a child, it's fresh, chic and functional Tel Aviv- based designer Yael Perry renovated this apartment in the Israeli region of Sharon into a cool, contemporary space with unexpected colorful accents , which is also very functional and practical. The 240-square- metre duplex apartment has been given a stripped- back color palette , with walls painted in muted shades of grey and blue. Perry designed oversized geometric shapes for the walls, adding diamonds, squ...
Read more