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CBRE Secures Funding for Mission Bay MF

SAN FRANCISCO—Debt and structured finance team of CBRE arranges construction financing for 129-unit apartment complex.

By Lisa Brown | Updated on March 30, 2015

SAN FRANCISCO—CBRE Capital Markets’ Debt and Structured Finance team has secured $44.6 million in construction financing for Eviva Mission Bay, a 129-unit multifamily community located in Mission Bay. Brady O’Donnell of CBRE’s Denver office, along with Andrew Behrens and Jesse Weber of CBRE’s San Francisco office, arranged the financing for Eviva Mission Bay on behalf of the developer, The Integral Group and Argosy Real Estate. Financing was provided by East West Bank.

Weber tells GlobeSt.com: “Eviva Mission Bay is going to be built on the last remaining parcel available for development in Mission Bay along King Street in San Francisco. There is a tremendous amount of demand for housing in this neighborhood and adding additional housing units will allow the neighborhood to continue its maturity and support for the surrounding businesses in the area.”

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