Hip and Stylish LOFT at the Mint Plaza 410 Jessie Street

Hip & Stylish – The Mint Collection was built in 2007 with gym, roof top city views, modern style high ceiling loft. SPECIAL price for this week @ $2300 per month for qualified tenant. Ready for March 1 st move in. Min 3 months, prefer 1 year lease.

Address: 410 Jessie Street (between fifth and market) If interested, email rentals@parcbay.com

New Rental Listing! Stylish LOFT 1 BR plus Den at Mint Collection

‘Location, Location, Location.’ The Mint Collection is nestled in the heart of the famed Union Square district, directly across from the historic U.S. Mint building and adjacent to the new Westfield San Francisco Centre (West Coast flagship of Bloomingdale’s, the second largest Nordstrom in the country, and features a mix of 170 exclusive boutiques and specialty stores), Yerba Buena Gardens, and an abundance of restaurants and cafés, gourmet grocery stores, hotels, acclaimed shops, galleries, art museums, and entertainment venues, including SF MOMA and Sony Metreon. The Powell Street Bart, MUNI and Cable Car stations are just a two-minute walk from your doorstep, ensuring the city’s lively surrounding neighborhoods are never more than a stone’s throw away.

For more info, visit http://www.luxurysfliving.com/410_202.htm

Address: 410 Jessie Street, San Francisco, CA

Broker: kathy@parcbay.com | Parc Bay Real Estate

JUST LISTED Luxury 2 bedrooms 2 baths BRAND NEW at the INFINITY Tower 2

Coming Soon Next Week! 2 bedrooms 2 baths #34E with 1340 sq ft, excellent Ball Park views. BRAND NEW

$6000 a month with 1 parking.

Address: 338 Spear Street, San Francisco, CA 94105 “South Beach” area

98 walkscores! Email kathy@parcbay.com to join the first tour! 415-370-3776

Stunning Penthouse for Rent at THE INFINITY

LOCATION: 338 Spear St, San Francisco, CA 94105 (SOMA/South Beach)
Rare opportunity! This ultimate PENTHOUSE (42th floor) 2 bedroom, 2 bath fashions a sense of timeless beauty and modern sophistication. Open kitchen with high-end appliances. Expansive corner windows with breathtaking city and waterviews. 11′ high ceilings (typical units are 9″ only), Luxurious Baths; XL deck with approximately 238′. 12″ beautiful hardwood Walnut flooring imported from Canada. \Live the Infinity lifestyle. Incredible location. A Must See! **FURNISHED OPTION available for extra fee**

Email kathy@parcbay.com to schedule private showing. Or 415-370-3776

New Website! Parc Bay Launches LuxurySFliving.com

In response to the overwhelming number of Parc Bay clients seeking first class accommodations and service in the Bay Area, we have launched LuxurySFLiving.com, a suite of Rental, Sales, and Property Management Services dedicated to the best of life in San Francisco.

We are also currently working on the revamping of Parc Bay Real Estate’s corporate website—bringing a newly refined style along with enhanced search and MLS listing functionalities.

Stay tuned!

Luxury 2 bedrooms at THE PALMS – Great Price!

#721 is available for immediately move-in. Address: 555 4th Street. $3100 per month with 1 parking

This home has many decorator finishes, upgraded closet system, hardwood flooring, stainless steel appliances and cozy patio.

To schedule viewing, email kathy@parcbay.com

Happy Holidays

Warmest thoughts and best wishes
for a wonderful Holiday and a Very
Happy New Year

PARC BAY REAL ESTATE

Breathtaking views for RENT at THE INFINITY

NEW LISTING! Luxury brand new 1 Bedroom at 338 Spear Street #20C (aka THE INFINITY Tower II) with approx 850 sq ft. Panoramic Waterviews. $3150 per month with 1 parking. Call 415-370-3776 or kathy@parcbay.com | PARC BAY REAL ESTATE to schedule a private appointment.

Amenities:

- 5000 sq ft gym, Doorman, Concierge, Swimming Pool, Theater, Club Lounge and Business Center

Exclusive One of a Kind LOFT STYLE Luxury Living at THE INFINITY

Stunning Penthouse Style Living at THE INFINITY Tower II.

3 bedrooms & 3 baths. LOFT STYLE 2 levels. Fully Upgraded.

Two private XL deck with amazing city and waterviews. Over 1600 sq of living space, #37 floor

$10,000 per month with 2 tandem parkings

Contact Broker Kathy@parcbay.com to schedule private showing | PARC BAY REAL ESTATE

Modern 2 bedrooms at THE PALMS available now

Modern & Upgraded 2 bedrooms 2 baths with approx 1150 sq ft, located at one of the most desirable area in San Francisco – SOMA/South Beach Area with tons of great shops and resturants nearby.

Building offers exceptional amenities:

• Gym
• Residence Theater
• Doorman
• Club House (with pool table and poker table)
• Business Center
• 1 Parking is included.

Unit has washer/dryer, hardwood floor. Stainless steel appliances! If interested, email kathy@parcbay.com | 415-370-3776

Address: 555 4th Street, San Francisco, CA

Luxurious Living at THE INFINITY with Waterviews

Showing this Saturday and Sunday. Contact kathy@parcbay.com or 415-370-3776 for private tour. Address: 338 Spear Street #27, San Francisco, CA

Ready for immediate move-in. Approx 1323 sq ft | 2 bedrooms 2 baths plus den. Stunning Waterviews Corner Unit. Exceptional amenities offers by THE INFINITY.

Posted by: PARC BAY RENTALS | Luxury Leasing Agent in South Beach | SOMA | Mission Bay

New Rental Listing Stunning Panoramic Waterviews Pure Luxury

New Rental Annoucement:Luxury 2 bedrooms 2 baths plus den approx 1318 sq ft

BRAND NEW at 338 Spear Street, San Francisco (aka Infinity Tower II). Ready for move-in. $5800 per month with 1 parking. High floor with private deck.

Sorry no pets.

To schedule showing, please email Agent kathy@parcbay.com 415-370-3776 Private appt only.

Prestigious and Spacious Palo Alto Home

Fully Remodeled Prestigious Palo Alto Single Family Home

887 Warren Way, Palo Alto, CA
Spacious living with approximate 2700. Flat large lot approximate 7000 sq ft.

5 bedrooms plus 3 baths. 2 levels. Large detached two car side by side garage.

$5000 a month

If you are interested, please email kathy@parcbay.com (or call/text 415-370-3776) to schedule showing.

The kitchen is equipped with granite countertops, Thermador refrigerator and stainless appliances.

What’s nearby :

* 0.5 Miles to Safeway
* 0.6 Miles to Palo Alto City Library
* Top rated Palo Alto Unified School District (Palo Alto High)
* Close to Seale & Greer Park
* Close to stanford shopping center
* Easy Access to 101 & Orgeon Express Way

New Rental Listing at THE INFINITY Executive Furnished

Modern & Sleek Exclusive Rental Available at 338 Spear Street San Francisco. The Infinity building offers exceptional amenities such as indoor swimming pool, residence theater, security, spa rooms and 5000 sq ft gym. To see virtual tour, please visit www.parcbay.com
To schedule private tour or to join this weekend showings, please email kathy@parcbay.com 415-370-3776. We look forwarding to seeing you!

Perfect for 6 months rentals in the heart of South Beach! One parking is included.

PARC BAY is featured in the top US wedding website as a homebuyer resource

Parc Bay Real Estate is now featured as TheNest.com’s local real estate resource! TheNest.com, a subsidiary of TheKnot.com, is the top visited wedding website in the United States full of resources forthe hip and married couple. To contact Kathy, you can email kathy@parcbay.com.

Parc Bay has helped many newlyweds start their lives together and find that special place they can call home. Whether it’s finding the perfect place to rent or purchase, or even selling a pre-wedding home, we will help you prioritize and eliminate frustration when it comes to leasing and purchasing real estate in the San Francisco Bay Area.

Buying a home is a big commitment and can be as emotional as planning a wedding. Our agents will guide you through the process and help you find your perfect home with our signature hassle-free customer service. Newlyweds may also be eligible for closing cost credits toward the home inspection, appraisal fee, or buy down points. For a FREE Consultation, email thenest@parcbay.com.

New Rental Listing – Dramatic City Views at THE INFINITY

New Exclusive Rental! Address: 301 Main Street, 20H, San Francisco, CA $3999 per month (includes 1 parking)

Stunning city views with private patio located in the heart of San Francisco – South Beach area. This luxury building (“THE INFINITY”) offers exceptional amenities such as “Swimming Pool, 5000 sq ft gym, business center, private residence theater and much more.

This unit is approx. 1193 sq ft with 2 bedrooms and 2 full baths. Both rooms has city views. Carpeted bedroom, beautiful wood flooring, granite countertop and stainless steel (high end) appliances.

To set private appointment, email kathy@parcbay.com Luxury Rentals Specialist in SOMA/SOUTH BEACH/MISSION BAY | http://rentals.parcbay.com

We look forward to seeing you.

Absolutely Stunning Infinity Penthouse Rental Coming Soon

Exclusive rental annoucement: A View to Die For!

This rarely available high ceiling Penthouse unit (37th floor) is located in one of San Francisco’s hottest building THE INFINITY. This unit has apprx 1300 sq ft with 2 BR 2 BA. Private wrapped around stunning deck with amazing water and city views. Private appt only. Address: 301 Main Street.

To schedule private appt or to inquire more details, please email kathy@parcbay.com - Luxury Leasing Broker | Kathy Chan Parc Bay Real Estate

First Time Homebuyer Federal Tax Credit of up to $8000

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after Jan 1, 2009 and before Dec 1, 2009.For more details, visit www.federalhousingtaxcredit.com

To sign up for our private first time homebuyers’ consultation, please email kathy@parcbay.com or call 415-370-3776. You will learn about how to qualify for a loan, how much can you afford, and the common terminology that are being used in Real Estate.

To review Kathy’s credential, plesae visit http://www.parcbay.com/ouragents.php

New Rental Listing LARGE 1 bedroom at THE INFINITY

Beautiful courtyard facing with direct sunlight located at luxury building – THE INFINITY. Unit is brand new with top of the line appliances. In unit washer and dryer. Marble bathroom. Extra DEN area for office or library. Approx. 811 sq ft. Very spacious with LARGE walk in closet.

SPECIAL $2450 per month with 1 parking if lease starts by August 1st. otherwise $2550.

Address: 318 Spear Street, San Franciso, CA 94105

To schedule private tour, please txt 415-370-3776 or email kathy@parcbay.com

Cozy 1 BR in Modern Building Fully Furnished at PARC TELEGRAPH

This tastefully FURNISHED remodeled condo is located at the Parc Telegraph building – luxurious North Waterfront area which is within walking distance to Fisherman’s’ Wharf, Coit Tower, The Embarcadero, Ferry building, Financial district and many fine restaurants.

Address: 240 Lombard Street, San Francisco, CA 94111

$2200 per month with 1 parking (Approx 600 sq ft). Washer/dryer on site (FREE)

To schedule private appt or if any questions, please email kathy@parcbay.com or 415-370-3776

HUD: Tax Credit Can Be Used on Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.

There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.

In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today.

The first-time homebuyer tax credit was enacted last year–and improved upon earlier this year–to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven’t owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.

Learn more about the credit, including how to apply for it this year even if you’ve already filed your taxes, at REALTOR.org.

Source: Robert Freedman, REALTOR® Magazine Online

posted by: Kathy Chan | Real Estate Broker

New Rental Listing at THE BEACON Excellent location

We are proud to present you to a wonderful 1 BR at THE BEACON. This homes offer approximately 750 sq ft of living space, a large walk in closet and a very large bath. This exceptional building is located on a commuter friendly “King Street – SOMA/Mission Bay areas”. Within walking distance to CalTrain Station, Safeway, Mizu Spa, Starbucks, Borders and much more.  To schedule showing, please email kathy@parcbay.com or txt 415-370-3776 if any Qs.

The Beacon amenities are: Swimming Pool, Conceige, Jacuzzi and Security

Address: 250 King Street, 7th floor, facing Ball-Park. $2400 per month with 1 parking.

Rental Inventory Updates as of 7/09

Exclusive San Francisco Rental Inventory Updates:

1 BR 1 BA ~750 sq ft, 250 King Street, THE BEACON for $2500 with 1 parking (PRICE REDUCED!)

2 BR 2 BA ~1310 sq ft, 425 1st Street, ONE RINCON HILL for $3500 with 1 parking (addl pkg for $150 only)

1 BR 1.5 BA ~1200 sq ft, 77 Dow Place (cross street 2nd), THE HAWTHORNE PLACE, $2700 with 1 parking (GRAND TOUR on SUNDAY 7/12)

1 BR, 1.5 BA ~ 1600 sq ft (VERY SPACIOUS), 18 Lansing (cross street 1st), Bi-Level High Ceiling LOFT, $3000 with 1 parking (READY for Immediately move-in)

What’s coming up: 1 BR at ONE RINCON HILL, 1 BR at THE METROPOLITAN

If interested in any of the units, please email kathy@parcbay.com

New Rental Listing at THE BEACON San Francisco

Modern 1 bedroom and 1 bath located at 250 King Street (THE BEACON). Beautiful kitchen with liked new appliances. Unit is quiet and chic. Located on the 7th floor, facing AT&T Ball Park.

$2500 per month with 1 parking (approx 750 sq ft)

Building amenities:

• Concierge
• Outdoor Large Pool
• Gym & Residence Lounge
• Dry Cleaning pick up/drop off

Surroundings

• Caltrain station
• MUNI (N & T Line)
• Safeway & Starbucks (5 minutes)
• Easy Access to Freeway (280/101 on ramp – 5 minutes)

To schedule private appt, please email kathy@Parcbay.com

New Luxury Rental Listing at THE INFINITY

Modern & Chic one bedroom at The Infinity Tower II. First opening this Friday. Unit is approximately 730 sq ft with open kitchen floor plan, nice wood flooring and peaceful courtyard views. Unit is located on the 6th floor. BRAND NEW. One assigned parking is included. $2500 per month. To schedule viewing, please contact kathy@parcbay.com or text 415-370-3776 if any questions. For more details, visit http://rentals.parcbay.com

(Sorry no pets allowed)

California running out of $10000 tax credits

First-time home buyers wanting to take advantage of the state’s $10,000 tax credit may have less time than originally expected.  California set aside $100 million to help home buyers purchase newly built homes, hoping to jump start the residential-construction market.  According to state officials, the tactic has worked well and is helping to entice home buyers into the market.  However, there only is approximately 20 percent of the program’s funding remaining.

 

The program launched in March, and as of June 3 nearly $24 million in tax credit certificates already had been issued, according to the state’s Franchise Tax Board, leaving nearly $76 million in credit available.  Many applications still are in the pipeline awaiting approval.  If all of the submitted applications are approved, only $17.5 million would remain in the fund.  

 

The California state legislature is considering adding another $200 million to the program.  However, securing approval may be difficult due to the state’s estimated $24 billion budget deficit.  A bill to extend the program already has won Assembly approval and now is awaiting activity in the state Senate.

To view full story, click here to visit Money CNN.

New Luxury Rental Listing at One Rincon Hill 2 BA

Waterviews home in every room. Approximately 1301 sq ft. Beautiful hardwood floor and marble bathroom. $3500 per month with 1 parking. Additional parking can be arranged. To view the unit, please email kathy@parcbay.com

About One Rincon Hill Amenities:

• Outdoor pool
• BBQ Area
• Gym
• Conference Room
• Club Lounge

Address: 425 1st Street, San Francisco, CA 94105

Real Estate Legal News 2009

Housing Stimulus Law Update
C.A.R.’s Legal Department has released a new legal article, Housing Stimulus Laws for 2009, to help brokers, managers and their agents understand the recent laws enacted by federal and California lawmakers.  This legal article addresses the $787 billion economic stimulus bill, the federal Making Home Affordable Program, and new California housing stimulus laws.

Here are some of the highlights of C.A.R.’s Housing Stimulus Laws for 2009:

• Eligibility requirements for the $8,000 first-time homebuyer tax credit.
• Details of the $275 billion Making Home Affordable Program, which includes refinances up to 105% of current value and government subsidized loan modifications.
• Monetary incentives of $500 for participating loan servicers and $1,500 for borrowers for doing short sales under the Making Home Affordable Program (see Question 57).
• Guidelines for the $10,000 new home tax credit under California law.
• Explanation of the new 90-day extension to the foreclosure process for lenders without comprehensive loan modification programs.

Source: CAR’s legal.

New Federal Law Affecting Distressed Properties

This week, President Barack Obama signed into law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure.  Previously included in this bill was a measure to allow bankruptcy judges to modify mortgage loans for principal residences, but the U.S. Senate did not pass this “cram-down” legislation.

The Helping Families Save Their Homes Act of 2009 contains various new laws to address the national foreclosure crisis.  Major provisions that may affect California REALTORS® and your clients include the following:

• HOPE FOR HOMEOWNERS (H4H) REVAMPED: The new law loosens the H4H program requirements to help homeowners refinance out of their troubled mortgages and into more affordable, fixed-rate FHA-insured loans.  Originally launched in October 2008, the H4H program intended to help 400,000 distressed homeowners, but in the program’s first seven months, it only helped one family stay in its home.  The maximum loan-to-value ratio for an FHA refinance is 96.5% of the appraised value.  If refinance proceeds are insufficient to pay off existing liens, the existing lienholders must voluntarily agree to a short payoff, but a new inducement is an opportunity for them to share in the homeowner’s equity.  Other changes to the H4H program include monetary incentives for both the participating servicers of the existing loans and originators of the FHA refinance.  Millionaire borrowers (with net worth over $1 million) are now excluded from the program.  HUD will establish the requirements and standards to implement the H4H program as revised.
• LONGER STAY FOR TENANTS OF FORECLOSED HOMES: Effective immediately, an REO lender or buyer who acquires title through a foreclosure sale must give at least a 90-day notice to terminate a bona fide tenant as defined.  A 90-day notice to terminate is sufficient for a month-to-month tenant or if a new owner will occupy the property as a primary residence at the end of the 90 days.  Otherwise, a tenant with a one year or other fixed-term lease with a remaining lease term exceeding 90 days can stay in the premises until the remaining lease term ends.  This new 90-day notice requirement applies to foreclosures of a federally-related mortgage loan or residential real property, except for properties under rent control, rent-subsidized programs (such as Section 8), or other state laws that provide additional protections for tenants.  This law expires on December 31, 2012.
• NOTIFICATION OF TRANSFER OF MORTGAGE LOANS: The Truth in Lending Act now requires a lender to whom a mortgage loan is sold or otherwise transferred to notify the borrower in writing of such transfer within 30 days.  The notice must include the new lender’s identity, address, telephone number, authorized representative’s contact information, and other relevant information.  This measure should help alleviate the problem borrowers often face in determining who owns their mortgage loans.

Other provisions of the Helping Families Save Their Homes Act include a 4-year extension of the $250,000 FDIC deposit insurance to December 31, 2013, protection for loan servicers who establish qualified loss mitigation plans from liability for an alleged breach of duty to maximize mortgage values for their investors, $130 million for foreclosure prevention counseling and education, and $2.2 billion to strengthen homeless programs.

President Obama has also signed into law the Fraud Enforcement and Recovery Act (FERA) which authorizes the Department of Justice to prosecute mortgage fraud crimes against private mortgage brokers and companies that previously were not regulated by the federal government.  FERA also earmarks almost $500 million for federal enforcement agencies to investigate and prosecute mortgage fraud and other fraud crimes.

Source:  Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide.

Water Views Rental Available at ONE RINCON HILL

Brand New luxury rental located in a new signature building in San Francisco skyline - One Rincon Hill! This spacious unit offers approx. 1301 sq ft with 2 BA 2 BR. Granite and marble finishes, hardwood floor throughout, corner unit, in-unit washer and dryer, water and bay bridge views. To schedule showing, please email kathy@ParcBay.com or 415-370-3776. For more info, please visit: http://rentals.parcbay.com