142
SAN FRANCISCO — Emerald Fund has received a $58.8-million FHA section 221(d)(4) mortgage for the 101 Polk Apartments project in Downtown San Francisco. The community will be located on its namesake, 101 Polk Street, in the Civic Center/Mid-Market District. The area features notable tech companies, including Twitter, Dolby Laboratories, Yammer and Zoosk.
The new project will contain 162 Class A units, including 19 affordable residencies. The loan was provided by RED Mortgage Capital LLC, the mortgage banking arm of RED Capital Group.