MMCC Arranges Financing for Northridge Offices

Marcus & Millichap Capital Corporation (MMCC) arranged $5.7 million in financing for a 48,954-square-foot office property located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles. Dean Giannakopoulos, senior managing director in MMCC’s Chicago office, secured the three-year loan at 65% loan-to-value through a regional bank on behalf of a private client. Additional terms include a 6% interest rate and a 25-year amortization schedule.

“This financing reflects continued lender interest in well-located Los Angeles office assets with stable tenancy and strong surrounding demand drivers,” said Giannakopoulos. “By securing competitive leverage and a fixed-rate structure through a bank, we were able to provide our client with a reliable capital solution aligned with the property’s long-term ownership strategy.”

The property is located near California State University, Northridge and is occupied by a diverse mix of tenants, including a tutoring service, internet service provider, computer repair service, consultants, real estate agents and accountants.

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MMCC's Giannakopoulos

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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