Presidio Bay Closes on $120MM in Financing, Breaks Ground on Largest Home-SF Project in San Francisco

Presidio Bay Ventures, a leading Bay Area commercial real estate development firm, has closed on $120 million in construction financing to develop the Ventana Residences located at 99 Ocean Avenue in San Francisco’s Outer Mission and Excelsior District. The project is a joint venture between Presidio Bay and American Realty Advisors (ARA) with capital managed by TDA Investment Group (TDA) and the AFL-CIO Housing Investment Trust (AFL-CIO HIT) providing the senior construction loan. The development recent
ly broke ground during a socially distanced ceremonial event on January 21, 2021 in accordance with local health orders and CDC guidelines.