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

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.