The Gateway
A multifamily property in San Francisco, California. Securitized in 1 CMBS deal in 2018.
$868.8MAppraised value (latest deal)
93.9%Occupancy
$37.4MUnderwritten NOI
4.3%Implied cap rate
- Address
- 550 & 560 Battery Street, 440 Davis Court, 100 Washington Street, 155 , San Francisco, CA 94111
- Property type
- Multifamily · High Rise
- Year built
- 1965-1967
- Size
- 1,254 Units
- Sponsor
- Prime Property Fund II, L.P.; C M Golden Gate, Inc.; Oakhill Gateway Partners, L.P.
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-L1 | 2018-10-23 | $868.8M | 93.9% | $37.4M | 4.3% | $40.0M | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 7/31/2018 TTM | $37.8M |
| 12/31/2017 | $37.3M |
More CMBS properties in California →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.