{"id":1004197953,"date":"2017-11-21T06:06:52","date_gmt":"2017-11-21T14:06:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197953"},"modified":"2022-12-07T17:21:42","modified_gmt":"2022-12-08T01:21:42","slug":"hff-secures-289m-loan-for-ca-luxury-community","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-289m-loan-for-ca-luxury-community\/","title":{"rendered":"HFF Secures $289M Loan for CA Luxury Community"},"content":{"rendered":"

By Alex Ciorogar<\/em><\/p>\n

\"MIRO,<\/a>

Rendering of MIRO, 167 E Santa Clara St. in San Jose, Calif.<\/p><\/div>\n

HFF closed a $288.8 million construction loan for MIRO, two 28-story luxury assets. Bayview Development Group was the borrower.<\/p>\n

Located at 167 E Santa Clara St., MIRO will feature one-, two- and three-bedroom apartments and 16 penthouses. With more than 600 units, the communities comprise 20,000 square feet of retail and commercial space. More than 50,000 square feet of amenities space will include a rooftop pool, concierge services, fitness, spa facilities, pet facilities, fire pits and rooftop lounges.<\/p>\n

Senior Managing Director Charles Halladay, Director Brandon Roth and Jason Carlos led the HFF team in arranging this five-year, interest-only construction loan through Broad Street Real Estate Credit Partners III, a fund managed by Goldman Sachs’ Merchant Banking Division.<\/p>\n

\u201cThis project is a testament not only to Bayview Development\u2019s best-in-class team, but also to downtown San Jose\u2019s bright future as one of the top real estate markets<\/a> in Silicon Valley,\u201d<\/em> said Roth in prepared remarks. \u201cBSRECP III immediately recognized these traits and performed exceptionally-well throughout the process.\u201d<\/em><\/p>\n

Image courtesy of Steinberg<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company secured a five-year, interest-only construction financing for MIRO, a pair of 28-story San Jose luxury apartment towers comprising more than 600 units. <\/p>\n","protected":false},"author":928,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21742,36079,15],"tags":[38382,33435,32792,38383],"class_list":["post-1004197953","post","type-post","status-publish","format-standard","hentry","category-development","category-finance","category-latest","category-san-jose","category-west","tag-bayview-development-group","tag-goldman-sachs","tag-hff","tag-steinberg"],"acf":[],"yoast_head":"\nHFF Secures $289M Loan for CA Luxury Community - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-289m-loan-for-ca-luxury-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Secures $289M Loan for CA Luxury Community\" \/>\n<meta property=\"og:description\" content=\"The company secured a five-year, interest-only construction financing for MIRO, a pair of 28-story San Jose luxury apartment towers comprising more than 600 units.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-289m-loan-for-ca-luxury-community\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-21T14:06:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T01:21:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/11\/MIRO1.jpg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-289m-loan-for-ca-luxury-community\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-secures-289m-loan-for-ca-luxury-community\/\",\"name\":\"HFF Secures $289M Loan for CA Luxury Community - 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