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San Francisco Investor Acquires Loans Tied to Portfolio Owned by One of City’s Largest Apartment Landlords

Prado Group's Loan Purchase Spans More Than 20 Multifamily Properties in Nation’s Second-Priciest Housing Market
Prior to defaulting, Veritas Investments owned more than 320 multifamily properties across the Bay Area and greater Los Angeles, including the 23-unit complex at 642 Alvarado St. in San Francisco. (CoStar)
Prior to defaulting, Veritas Investments owned more than 320 multifamily properties across the Bay Area and greater Los Angeles, including the 23-unit complex at 642 Alvarado St. in San Francisco. (CoStar)
CoStar News
October 11, 2023 | 8:48 P.M.

A high-profile San Francisco developer is strengthening its grip on the city's multifamily market after purchasing a mortgage portfolio that includes more than 300 apartment units.

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