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September 01, 2020 10:18am
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Developer's macro loan for micro units shows small is big

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...
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