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Santa Ana’s APEX Apartments Secures $18M Refinance
Marcus & Millichap Capital Corporation (MMCC) has arranged $18 million for the refinancing of APEX Apartment Complex, a 72-unit multifamily property located in Santa Ana, CA. The loan was secured by Ronald Balys, Senior Vice President, Capital Markets based out of MMCC’s Orange County office.
The three-story multifamily property is ideally located steps away from grocery stores, retailers and dining options, as well as the Costa Mesa freeway, providing direct access to Huntington Beach and the greater Los Angeles metropolitan area.
“The APEX apartment complex transaction was negotiated and rate locked during the height of the volatile capital markets environment,” said Balys in a news release. “Our team was able to secure a loan with favorable terms including a 5.58% interest rate, five-year term and a 60% loan-to-value ratio.”
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- ◦Financing
