Tishman Snags $372M Loan For SF Condo Tower

Law360, New York (July 2, 2013, 3:38 PM EDT) -- Tishman Speyer has secured a $371.7 million construction loan for a high-rise condominium project in San Francisco that it and joint venture partner China Vanke Co Ltd. broke ground on last week, according to a statement by broker HFF.

Set up as a nonrecourse loan, the financing paves the way for construction to begin by the summer of 2014 and for the project to come online by the beginning of 2016, according to statements. The lender was not disclosed and representatives for Tishman and HFF declined...
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