MMCC Arranges $4M in Financing for Vista Multifamily Complex

Marcus & Millichap Capital Corporation (MMCC) has arranged $4.3 million in acquisition financing for a 20-unit multifamily complex in the North San Diego County submarket of Vista, CA. The terms of the three-year loan include a 6.85% interest rate and a 65% loan-to-value ratio.

“The low-rise apartment complex is in one of the fastest growing population areas in the North County region, making it a highly desirable asset,” said MMCC Executive Managing Director Chad O’Connor, who secured the loan. “We were able to secure favorable financing terms for our client, which included a bridge loan with TI dollars in addition to the initial acquisition funding.”

The two-story, 40,000-square-foot community is located at 991 Postal Way, in an area that offers quick access to the Ronald Packard Parkway (Highway 78) and the commercial corridor on South Santa Fe Avenue. The complex is also within walking distance to a variety of retailers and eateries.

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