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California  + San Diego  + Finance  | 

MMCC Arranges Refi for Newly Built National City Multifamily

Marcus & Millichap Capital Corporation (MMCC) arranged $4,464,000 to refinance a newly built 14-unit multifamily property located at 1924 Harding Ave. in National City. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the financing with a national bank on behalf of a private client.

Terms of the five-year loan include a 5.61% fixed interest rate with 30-year amortization and a loan-to-value of 60%.

The property consists of 14 two-bedroom units with amenities such as in-unit laundry and secured parking. It is located near the 24th Street tram station, providing direct access to downtown San Diego and the UCSD campus.

Read More News Stories About: Marcus & Millichap
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Inside The Story

MMCC's O'Connor

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).

  • ◦Financing
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