California + San Diego + Finance | May 26, 2023

Marcus & Millichap Capital Corporation arranged a $15.043-million loan to refinance Santa Fe Townhomes in Vista, California

MMCC Arranges Refi on Vista Townhome Complex

Marcus & Millichap Capital Corporation (MMCC) arranged a $15.043-million loan to refinance Santa Fe Townhomes, a 45-unit multifamily property located at 1470 S Santa Fe Ave. in Vista. Chad O’Connor, executive managing director, capital markets, based in MMCC’s San Diego office, secured the financing.

“The location of this newly constructed apartment complex in the heart of Vista makes it an incredibly attractive asset,” said O’Connor. “This loan retires a construction loan we secured for our client two years ago and allows them to cash out to pursue other opportunities. We were able to secure highly favorable terms for the client, including a non-recourse, five-year fixed interest rate loan of 5.9% and a 65% loan-to-value.”

Constructed in 2022, the property is located minutes from Highway 78 and 15 minutes from Carlsbad and Oceanside.

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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 13-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 15-20 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).

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