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California  + Los Angeles  + Finance  | 

MMCC Arranges $96M Loan on Trio of Retail Centers

Marcus & Millichap Capital Corporation (MMCC) arranged $96,025,000 for the refinancing of three multi-tenant retail centers located in North Hollywood, Bakersfield, and Ventura. Zack Metzner, Daizy Gomez and Linsey Farrahi, based out of MMCC’s Newport Beach office, secured the balance sheet financing on behalf of a private investor.

“Given the volatility of the financing market, many lenders were pulling back on offering aggressive financing for retail centers,” said Metzner. “We were able to source a competitive loan option that met the refinancing needs of the investor, offering them 65% LTV on a five-year, fixed full-term interest-only loan at a below-market 5.77% interest rate.”

Major tenants across the properties include 24 Hour Fitness, Dollar Tree, Starbucks, Wells Fargo, Tractor Supply and several restaurants and grocery stores.

Read More News Stories About: Marcus & Millichap
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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