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Marcus & Millichap Funds Escondido MF Refi
Marcus & Millichap Capital Corp., a leading provider of commercial real estate financing and capital markets expertise, announced the recent funding of $11,250,000 for a cash-out refinance on a 99-unit multifamily property in Escondido. The non-recourse loan was structured with an interest rate of 2.58%.
Chad O’Connor, Senior Managing Director and Kevin Elliott, Associate Director Capital Markets in Marcus & Millichap’s San Diego office, exclusively financed this deal for and unnamed property owner.
The Interest-Only financing is over a five-year fixed term. The property is located at 1205-35 Grand Ave. It was built in 1985 and sits on a nearly 1.8-acre lot.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing



