(To read more on the multifamily market and the debtand equity markets, click here.)
SAN FRANCISCO-The developer of a 114-unit luxury Downtowncondominium tower here is close to receiving funds from itsrecently closed $82.3-million construction loan.
The developer is Folsom Ventures LLC, a joint venture of LennarHomes of California Inc. and an LLC controlled by John Malcom ofMalcom Properties. The construction lender is Fremont Investment& Loan. The mortgage broker was Elizabeth Shepard of ChapmanShepard Group.
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