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MMCC Arranges Refi for Newly Built National City Multifamily
Marcus & Millichap Capital Corporation (MMCC) arranged $4,464,000 to refinance a newly built 14-unit multifamily property located at 1924 Harding Ave. in National City. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the financing with a national bank on behalf of a private client.
Terms of the five-year loan include a 5.61% fixed interest rate with 30-year amortization and a loan-to-value of 60%.
The property consists of 14 two-bedroom units with amenities such as in-unit laundry and secured parking. It is located near the 24th Street tram station, providing direct access to downtown San Diego and the UCSD campus.
- ◦Financing


