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Marcus & Millichap Capital Corporation Arranges $4.6M Refinance For 38-Unit Multifamily In San Diego

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FINANCED
$4,600,000

California

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MultiFamily
Financed 05/08/2025
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FINANCED

Marcus & Millichap Capital Corporation Arranges $4.6M Refinance For 38-Unit Multifamily In San Diego

1479 Elder Avenue

See Similar Deals
MultiFamily
Financed 05/08/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is Hillside Villas, a multifamily property consisting of 38 units located at 1479 Elder Avenue in the San Diego market. The refinance loan amount for this property is $4,600,000, arranged as a 30-year term with a 5.58% interest rate and a loan-to-value ratio of 50%. The structure includes 3 years of interest-only payments, followed by a 27-year amortization period.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,600,000
  • Loan Type: Refinance
  • Loan Terms: 30-year loan with 3 years interest only, 5.58% interest rate, 27-year amortization period, 50% loan-to-value
  • Address: 1479 Elder Avenue
  • Market: San Diego
  • Units: 38

Chad O’Connor from Marcus & Millichap Capital Corporation represented the financing side of the deal, facilitating the refinancing process for the multifamily property in San Diego.

Players

Chad O’Connor
Marcus & Millichap
Chad O’Connor
27 deals$267.3M volume
BROKER

Details

FINANCED
IMAGE: Chad O’Connor DATE: 05/08/2025 ADDRESS: 1479 Elder Avenue MARKET: San Diego ASSET TYPE: Multifamily ~ UNITS: 38 BROKER: Chad O’Connor (@ChadOConnor5) - Marcus & Millichap Capital Corporation (@MMCapCorp) LOAN AMOUNT: $4,600,000 LOAN TYPE: Refinance LOAN TERMS: 30-year loan include 3 years of interest only and a 5.58% interest rate with a 27-year amortization period and a 50% loan-to-value NOTE: Marcus & Millichap Capital Corporation arranged a $4.6M refinance loan for Hillside Villas, a 38-unit multifamily property at 1479 Elder Ave in San Diego. The 30-year loan includes 3 years interest-only at a 5.58% rate and a 50% LTV. #

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,600,000.00

Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00