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S.F.’s largest landlord defaults on massive loan. What does it mean for the future of city’s real estate?

January 14, 2023/

empty city street san francisco

Veritas, San Francisco’s largest and most controversial landlord, is scrambling to raise capital after defaulting on a $448 million loan.

Last week, the Fitch Ratings reported that the property owner was in default on a $448 million loan, which is secured by a portfolio of 1,734 rent-controlled units in 62 buildings across San Francisco.

 

J.K. Dineen


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