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MMCC Arranges $4M in Financing for Vista Multifamily Complex

MMCC Arranges $4M in Financing for Vista Multifamily Complex

Marcus & Millichap Capital Corporation (MMCC) has arranged $4.3 million in acquisition financing for a 20-unit multifamily complex in the North San Diego County submarket of Vista, CA. The terms of the three-year loan include a 6.85% interest rate and a 65% loan-to-value ratio.

“The low-rise apartment complex is in one of the fastest growing population areas in the North County region, making it a highly desirable asset,” said MMCC Executive Managing Director Chad O’Connor, who secured the loan. “We were able to secure favorable financing terms for our client, which included a bridge loan with TI dollars in addition to the initial acquisition funding.”

The two-story, 40,000-square-foot community is located at 991 Postal Way, in an area that offers quick access to the Ronald Packard Parkway (Highway 78) and the commercial corridor on South Santa Fe Avenue. The complex is also within walking distance to a variety of retailers and eateries.


Inside The Story

Marcus & Millichap Capital CorporationChad O'Connor

About Mark Nieto

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.

  • ◦Financing
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