Elan Village North in Oceanside Gets Refi of $19.5M

Elan Village North, located at 854 Vine St. in Oceanside, recently received $19.5 million in refinancing. The 10-year fixed loan was structured with a 3.2 percent interest rate and 65 percent loan-to-value. The loan has a 30-year-term with a 30-year amortization.

Chad O’Connor, capital markets executive managing director in Marcus & Millichap’s San Diego Del Mar office, exclusively financed this deal for a private investor.

Elan Village North is within walking distance to a central business village and the historic Oceanside wooden pier. This multifamily property is also near attractions such as Legoland, SeaWorld and San Diego Zoo. The units have newly remodeled kitchens, private balconies, and a tenant spa and pool.

“We were very impressed with the property and the surrounding amenities. Its best-in-class features in addition to its proximity to premier destinations make it an exciting location for Oceanside residents, and this cash refinancing loan will help Elan Village North continue to thrive and evolve as a beautiful place to live in this community,” said O’Connor.