Dwight Mortgage Trust Refis San Francisco Apartments with $26 Million Loan – Business Observer

Joseph McMillanit is DDG Partners signed $26 million in debt to refinance a newly built, mixed-use, multi-family property in San Francisco, Commercial Observer has learned.

Dwight Mortgage Trustthe real estate investment company affiliated with Dwight Capitalprovided the bridge loan for 235 Valencia Street, a four-unit apartment complex with commercial space on the ground floor. The loan proceeds were used to repay an existing construction loan.

Ian Hawk and David Scher of Dwight Mortgage Trust originated the funding. Walker and Dunlopit is Aaron Call and Ari Hirt negotiated the transaction.

Located in the Mission District of San Francisco, 235 Valencia is close Twitterhead office and public transportation options. Built in 2021, the five-story property comprises approximately 20,370 square feet of residential area and 5,530 square feet of commercial space. It includes a roof terrace with a barbecue area that uses sustainable features including a bioretention program, green roof system and green cleaning program.

Monthly rents at 235 Valencia range from $3,400 for one-bedroom units to $5,075 for three-bedroom units, depending on Apartments.com.

DDG Partners officials did not immediately return a request for comment.

Andrew Coen can be reached at [email protected].

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