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Real Estate/Development

May 1, 2000

Accelerated loan for an accelerator project

The purchasers of 330 Townsend St., a 63,097-square-foot building in San Francisco's South-of-Market district secured $11.64 million in acquisition financing from Heller Financial. The floating-rate bridge loan has a three-year term.

The purchasers of 330 Townsend St., a 63,097-square-foot building in San Francisco's South-of-Market district secured $11.64 million in acquisition financing from Heller Financial. The floating-rate bridge loan has a three-year term.
According to Todd Christman, a principal in Union Property Capital in San Francisco and managing partner of Townsend 330 Investors LLC, eight to 10 lenders responded to the prospectus prepared by the partnership's agent, Kurt Scheidt of Cohen ...

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