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.

(Visited 1 times, 1 visits today)

Related posts

Weiss Realty Subsidiary Completes 161,000 SF 
Lease Transaction at Commerce Park, Decatur, IL


Brooklyn Luxury Condominium Building Milk Factory Sells Out


Bergman Real Estate Group Announces 77 Lease
Transactions in the First Half of 2022