Regency Capital Partners

1700 California Street


1700 California Street

Summary

Regency Capital Partners (“RCP”) has arranged the acquisition financing of the fee interest for this Class A, mixed-use property comprised of 87,852 square feet of office/medical office space, 47 luxury multifamily units, a 205-stall subterranean garage and street level retail anchored by Ruth’s Chris Steak House. The Borrower, who has owned the leasehold since 2001, engaged RCP to secure financing to acquire the underlying land, consolidate the ownership and provide cash out to the sponsorship. While collapsing the fee and leasehold interests increased the liquidity and value of the asset, the high-leverage request by the client posed challenging. RCP was able to secure significant interest from banks and debt funds by providing lenders and in-depth analysis of the city’s condominium and medical office market. These efforts resulted in securing a high leverage loan (


Transaction Details

LOAN AMOUNT $60,800,000
FINANCING TYPE Bridge and Mezzanine
LENDER TYPE Private Fund
PROPERTY TYPE Mixed Use
PROPERTY ADDRESS
Map
1700 California Street
San Francisco, CA
PROPERTY DESCRIPTION This is a 142,910 rentable SF 10-story Class A mixed use building in San Francisco,CA.