Marcus & Millichap Capital Secures $2.75M Refinance Loan For San Diego Mixed-Use Property | 701-721 8th Avenue | Chad O’Connor | Mixed-use | Loan

Summary

Loan

CALIFORNIA

Mixed-use

The North of Market property in San Diego has recently undergone renovations and is now the subject of a refinancing deal. The property, located at 701-721 8th Avenue, is a mixed-use asset in the San Diego market.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $2,750,000
Loan Type: Refinance
Loan Terms: three-year fixed rate of 7.75% interest-only with an LTV of 65%

Marcus & Millichap Capital Corporation (MMCC), represented by broker Chad O'Connor, secured a $2.75 million refinancing loan for the North of Market property. The loan was obtained to replace an expiring bridge loan. Chad O'Connor, an executive managing director at MMCC's San Diego office, successfully arranged the loan for this recently renovated mixed-used property.

Players

All
2

Agents
1
Agencies
1

Chad O’Connor

Senior Managing Director Capital Markets

$8.8M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Chad O’Connor DATE: 10/27/2023 ADDRESS: 701-721 8th Avenue MARKET: San Diego ASSET TYPE: Mixed-use BROKER: Chad O’Connor - Marcus & Millichap Capital Corporation (@MMCapCorp) LOAN AMOUNT: $2,750,000 LOAN TYPE: Refinance LOAN TERMS: three-year fixed rate of 7.75% interest-only with an LTV of 65% NOTE: Marcus & Millichap Capital Corporation (MMCC) arranged $2.75 million in refinancing for the North of Market property in San Diego. Chad O'Connor, executive managing director at MMC's San Diego office, secured the loan to replace an expiring bridge loan for the recently renovated mixed-use property.

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Address701-721 8th Avenue

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