facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Loan

/

1479 Elder Avenue

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

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

1479 Elder Avenue

$4,600,000

Building Size

Asset Type

MultiFamily

Closing

May 8, 2025

AI

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

Broker

$267.3M

vol

27 deals

Broker

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93