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California  + Bay Area  + Finance  | 

MMCC Makes Quick Work of Acquisition Loan for Redwood City Multifamily

Marcus & Millichap Capital Corporation (MMCC) arranged $3,185,000 in financing for the purchase of a 15-unit multifamily property located at 280 Howland St. in Redwood City. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the financing with a private family office bridge lender.

“Our team worked closely with the firm’s investment sales division to meet the client’s needs and source local financing in a timely manner,” said O’Connor. “We were able to secure a three-year loan with full-term interest only and a loan-to-value of 65%, bringing the transaction ready to close in just three weeks.”

The property features a mix of studio to two-bedroom units and is within walking distance of downtown Redwood City. It is situated between El Camino Real and the Bayshore Freeway, providing direct access to San Francisco, San Jose and the greater Bay Area.

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Marcus & Millichap'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