Updated Jun 29, 2026
FINANCEDCondo
Bruce Menin Of Crescent Heights Secures $210 Million Loan For Condo At 9 Macarthur Place
9 Macarthur Place
$210,000,000
Building Size
—
Asset Type
Condo
Closing
Jun 9, 2026
About this deal
AI
The asset involved in this transaction is a condo located at 9 Macarthur Place in Santa Ana, CA. The property is part of condo inventory financing, with a loan amount of $210,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $210,000,000
- Lender: Jeff Aronson
- Landlord: Bruce Menin
- Landlord's Agency: Crescent Heights
- Landlord's Representatives: Jordan Roeschlaub, Nick Scribani, Ricky Braha, Holden Witkoff, Niv Shahmoon, Adam Spies, Adam Doneger - Newmark
This transaction showcases the involvement of key individuals, including lender Jeff Aronson, and landlord Bruce Menin, representing Crescent Heights. The landlord's negotiations were facilitated by a team from Newmark, demonstrating a collaboration among multiple representatives to finalize the loan agreement.
On the Map
$210,000,000
Condo
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Market Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93