Developer's macro loan for micro units shows small is big
January 29, 2014 at 17:21 PM EST
Builder Patrick Kennedy had landed a big construction loan for small pads in Central SoMa. With half of the 11-story, 160-unit rental building at 1321 Mission St pre-leased to the California College of the Arts, Jones Lang LaSalle capital markets team has lined up a $50 million construction loan on the deal...