Berry Street Units Score Financing
More units are getting funded in S.F., with Eviva Mission Bay having just scored $44.6M in construction financing. Here's CBRE's Andrew Behrens, who was part of the team that led the financing, netting a big fish. Andrew became CBRE’s first Bay Area vice chairman in 2012. The 129-unit community is being developed by The Integral Group and Argosy Real Estate.
Financing was provided by East West Bank. The site, at 6th and Berry, is scheduled to wrap up in Q3 2016, and will be comprised of 72 one-bedroom, 53 two-bedroom and four three-bedroom units, along with 82 garage parking spaces. Tenants can expect a WiFi café/bar, multiple BBQ areas, a fitness center and yoga room. It's the last undeveloped Barry Street site to break ground.