May 31, 2017 Comments Off on Walker & Dunlop Arranges $66.5M for Market St. Development Views: 387 Bay Area, California News

Walker & Dunlop Arranges $66.5M for Market St. Development

Bethesda, MD-based Walker & Dunlop, Inc. arranged $66.5 million in construction financing for The Rise Market Street, a luxury apartment project in San Francisco. Boca Raton, FL-based Rescore Property Corp. and San Francisco-based Presidio Development Partners, LLC are developing the nine-story, 160-unit project.

The Rise Market Street is strategically located at 1699 Market St. in the rapidly developing Upper- Market/Hayes Valley neighborhood. The project is anticipated to be ready for occupancy by the end of 2018.

The property will feature 8-foot-8-inch ceilings, wood flooring, stainless steel appliances, quartz countertops, balconies, and walk-in closets. Amenities will include a roof deck with barbeque area, community garden, club room, dog run, as well as a fitness center and a chef’s kitchen with dining area.

Walker & Dunlop’s Kevin O’Grady, Daniel Sheehan and Eric McGlynn arranged the loan though Square Mile Capital.

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