FINANCED
Marcus & Millichap Arranges $18.3M Construction Loan For Escondido Development Site
555 West Grand Avenue Escondido & 1217 Nordahl Road
Development Site
Financed 164 days ago
Summary
Loan
CALIFORNIA
Development Site
The Marcus & Millichap Capital Corporation has arranged $18,315,068 in construction loans for two properties in Escondido, California. The loans have a two-year term with multiple extension options and are secured by Chad O'Connor. The first property is located at 555 West Grand Avenue and consists of a multifamily development site. The second property, located at 1217 Nordahl Road, is a residential subdivision. The Royal Garden Community, located near Interstates 15 and 78, will feature 15 luxury units within a gated community.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $18,315,068
- Loan Type: Construction Loan
- Loan Terms: Two-year term with multiple extension options
- BROKER: Chad O'Connor - Marcus & Millichap
The Marcus & Millichap Capital Corporation facilitated the loans for the development site at 555 West Grand Avenue and the residential subdivision at 1217 Nordahl Road. Chad O'Connor, representing Marcus & Millichap, played a key role in securing the funding for these projects.
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Chad O’Connor
DATE: 11/27/2023
ADDRESS: 555 West Grand Avenue Escondido & 1217 Nordahl Road
MARKET: Escondido
ASSET TYPE: Development Site
BROKER: Chad O’Connor (@ChadOConnor5) - Marcus & Millichap (@MarcusMillichapinc)
LOAN AMOUNT: $18,315,068
LOAN TYPE: Construction Loan
LOAN TERMS: two-year term with multiple extension options
NOTE: Marcus & Millichap Capital Corporation arranged $9.2 million and $9.12 million construction loans for a multifamily property at 555 West Grand Avenue and a residential subdivision at 1217 Nordahl Road in Escondido, California. The loans, secured by Chad O’Connor, have a two-year term with multiple extension options, and the Royal Garden Community will include 15 luxury units within a gated community, conveniently located near Interstates 15 and 78.View on map
Loading...
Address555 West Grand Avenue Escondido & 1217 Nordahl Road
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want