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Deals & Dealmakers

Marcus & Millichap Capital Corporation Arranges $39 Million Construction Loan for Shopping Center in French Valley, CA

Marcus & Millichap Capital Corporation (MMCC), has arranged $39.4 million in construction financing for French Valley Marketplace, a grocery-anchored shopping center located in French Valley, California. The financing was secured by MMCC’s Brandon Wilhite, senior director, in conjunction with IPA’s Sunny Sajnani, senior managing director, and Todd McNeill, senior managing director. The origination team is based out of MMCC’s Dallas office.

The property is a fully entitled, 22-acre retail development project led by a partnership between Southlake, Texas-based Trinity Investors and Halftery Development Company, based in Pasadena, California. The site is well located at the northeast corner of State Highway 79 and Thompson Road and is anchored by tenants including Grocery Outlet, Rite Aid, EoS Fitness, McDonald’s, Autozone and 7-Eleven.

“This was a complex and exciting project with a lot of moving pieces, which required the coordination and creativity of all parties involved,” said Brandon Wilhite.

The non-recourse construction loan will provide funds to complete the horizontal and vertical construction of the project. Trez Capital, a diversified real estate investment firm based in Vancouver, operated as the construction lender for the transaction.

“I really appreciate the attention to detail and focus from the MMCC team. Their expertise, knowledge and experience were essential in completing this complicated financing,” said Jay Fuquay, Trinity Investors.

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