Marcus and Millichap Arranges $39M Shopping Center Construction Loan
The team of Brandon Wilhite, Sunny Sajnani and Todd McNeill of Marcus and Millichap Capital Corporation (MMCC) has arranged $39.4 million in construction financing for the French Valley Marketplace, in French Valley, CA. The loan will provide funds to complete the horizontal and vertical construction of the project.
The property is a fully entitled, 22-acre retail development located at the northeast corner of State Highway 79 and Thompson Road. French Valley Marketplace is anchored by tenants including Grocery Outlet, Rite Aid, EoS Fitness, Autozone and McDonalds.
“I really appreciate the attention to detail and focus from the MMCC team. Their expertise, knowledge and experience were essential in completing this complicated financing,” said Jay Fuquay of Trinity Investors, one of the two firms involved in the property development.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.