Marcus & Millichap Capital Corporation Arranges $6.585M Loan For Kona Palms Apartments In Whittier

Kona Palms Apartments is a multifamily property located at 14119 Mulberry Drive in Whittier, California, comprising 37 units. The property features one- to three-bedroom units in a gated community, situated within a strong Los Angeles County multifamily market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,585,000
• Loan Terms: 3-year interest-only
• Broker: Michael Derk - Marcus & Millichap Capital Corporation
• Market: Whittier

Marcus & Millichap Capital Corporation facilitated financing arrangements on behalf of a private client, securing a 3-year interest-only loan with an interest rate of 5.65%. This financing supports continued investment in the property, reflecting ongoing demand in the multifamily sector.