SAN FRANCISCO—A $12.5 million mezzanine loan for the newly built Panoramic, a 160-unit multi-family and mixed-use building located at 1321 Mission St. has been secured. The loan was originated by Square Mile Capital Management LLC. The $12.5 million loan provided to the ownership is part of a larger $65 million loan facility, with UBS Real Estate Securities Inc. originating the senior portion of the loan.

Brad Cohen, Square Mile managing director, tells “San Francisco needs projects like this one to help address its critical affordable housing shortage. We were pleased to provide capital to make this viable.” 

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