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Chad O’Connor Of Marcus & Millichap Capital Corporation Secures $3.59M Loan For 12-Unit Property In San Diego

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FINANCED
$3,590,000

California

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MultiFamily
Financed 11/24/2025
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Property Image
FINANCED

Chad O’Connor Of Marcus & Millichap Capital Corporation Secures $3.59M Loan For 12-Unit Property In San Diego

3531 Florida Street

See Similar Deals
MultiFamily
Financed 11/24/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

A 12-unit multifamily property located at 3531 Florida Street in the San Diego market has been financed for $3,590,000. The loan secured for this asset features a 30-year fully amortizing term, including three years of interest-only payments at a rate of 5.95%, with a loan-to-value (LTV) ratio of 65%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,590,000
  • Address: 3531 Florida Street
  • Market: San Diego
  • Units: 12
  • Loan Terms: 30-year fully amortizing term with three years of interest-only payments at 5.95% and a 65% LTV

Chad O’Connor of Marcus & Millichap Capital Corporation arranged the financing on behalf of a private client. The transaction highlights the role of brokers in securing loan arrangements and facilitating property financing.

Players

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

Details

FINANCED
IMAGE: Chad O’Connor DATE: 11/24/2025 ADDRESS: 3531 Florida Street MARKET: San Diego ASSET TYPE: Multifamily ~ UNITS: 12 BROKER: Chad O’Connor (@ChadOConnor5) - Marcus & Millichap Capital Corporation (@MMCapCorp) (@MarcusMillichapInc) LOAN AMOUNT: $3,590,000 LOAN TERMS: 30-year fully amortizing term with three years of interest-only payments at 5.95% and a 65% LTV. NOTE: Marcus & Millichap Capital Corporation arranged $3.59 million in financing for a 12-unit multifamily property at 3531 Florida St., San Diego, on behalf of a private client. The loan carries a 30-year fully amortizing term with three years of interest-only payments at 5.95% and a 65% LTV.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,590,000.00

Monthly NOI$23,933.33
Monthly Debt Service$22,691.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00