Real Estate Weekly
Image default
Deals & Dealmakers

Marcus & Millichap Capital Corporation Arranges $8 Million Financing for Retail Center in Encinitas, CA

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $8 million in financing for a retail center located in Encinitas, California. The financing was secured by Chad O’Connor, based out of MMCC’s San Diego office.

“We were able to rate lock the loan in January which protected our client from the
interest rate volatility we are experiencing in the market now,” said O’Connor.

The 10-year loan has a fixed interest rate of 3.75 percent. Built in 1982, the property
comprises 36,499 square feet and is anchored by Union Bank and Breakfast Republic.
The property is in close proximity to restaurants, salons and beaches.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando