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 Avenue 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.
The post MMCC Arranges Refi on Vista Townhome Complex appeared first on Connect CRE.
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 Avenue 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 …
The post MMCC Arranges Refi on Vista Townhome Complex appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate