In the Press

Construction Financing Secured for 1500 Mission Project

Related California and Deutsche Bank got a big boost in financing for their project at 1500 Mission St. in San Francisco. Deutsche Bank purchased $316.8M in tax-exempt bonds to finance construction. The bank also will purchase the balance of the financing, $141.7M of variable rate demand notes. This is one of California’s largest-ever construction financing deals.

The project, designed by Skidmore, Owings and Merrill, will include two buildings. A 550-unit mixed-income, mixed-use residence will include a 31K SF Equinox Fitness facility, and a 460K SF office building will be owned by the City and County of San Francisco.