This loan is a first deed of trust on a 7-unit multifamily in San Francisco, CA. San Francisco is a compact yet richly layered city where spectacular natural surrounds—ocean, bay, and hills—meet a built environment of historic architecture, vibrant neighborhoods, and cutting-edge enterprise. You’ll discover grand Victorian homes stairs stepping up steep streets, world-renowned landmarks such as a golden-colored suspension bridge, and an intimately scaled commercial district where cafés, galleries, and independent boutiques nestle amid residential blocks. The subject property, a seven-unit multifamily building located in the Pacific Heights neighborhood of San Francisco, was appraised at $3,620,000 as of July 9, 2025. Built in 1960, the 6,280-square-foot building sits on a 3,641-square-foot lot (RH-3 zoning) and is in average condition with zero vacancy at the time of inspection. The property’s income stream is derived from a stabilized rent roll producing annual gross income of approximately $278,340, with net operating income (NOI) estimated at $180,629 after 31.7% operating expenses. The purpose of the loan is to pay off the current lien that is coming due on November 1st and provide cash out that will be used for 12 months of interest reserves and Borrower reserves to maintain the building and keep it up to code. During the loan, the Borrowers will be working on repairing their credit. Upon maturity, the Borrowers will refinance into a long-term loan. The loan will have a maturity in 12 months with 12 months of interest reserve payments.