December 5, 2018 Comments (0) Views: 390 Bay Area, California News

Iconic San Francisco Retail Properties Refinanced for $125M

A pair of high-profile properties, home to the West Coast flagships of several of the world’s most iconic luxury brands such as Hermès, Yves Saint Laurent, Cartier and Fendi, have been refinanced for $125 million. Situated at Post Street and Grant Street in San Francisco, 111 Maiden Lane (pictured) and 201 Post St. are considered the heart of Union Square’s high-street retail district.

The beaux-arts buildings, built in 1908 and 1909, also contain roughly 100,000 square feet of some of San Francisco’s most sought-after creative office.

NKF’s Ramsey Daya and Jonathan Soffer secured the fixed-rate loan on behalf of an undisclosed high net worth family office through PGIM Real Estate Finance.

Daya says, “This is Union Square’s most iconic block, and the reception from the lending community reflected that. We were able to achieve a long-term, fixed-rate financing at just over 4%, an excellent result for a retail property in today’s interest rate environment.”

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