
Mac Bernie
585 posts

Mac Bernie
@Mac__Bernie
Non-Recourse Construction Lender ($2B financed). Lurking on fintwit and retwit (views my own, not financial advice, blah blah, blah blah)


Entitled San Francisco high-rise resi sites fall into default before shovels hit dirt. Lender Arixa Capital has served Forma Development Design Management with notices of default tied to two downtown sites slated for residential high-rises. The defaults cover a $9.3 million loan linked to 896 Folsom Street and a $5.8 million loan tied to 777 Sutter Street. -TheRealDeal #commercialrealestate therealdeal.com/san-francisco/…




Here’s downtown LA at Hope and 12th. A homeless guy lit an entire building on fire just to cook hot dogs. Now the place is burned out covered in debris with excavators and firefighters still on scene cleaning up the mess. This is what we’re dealing with. Not some accident dude straight up torched a building for a meal. This is why we need Spencer Pratt as Mayor.








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