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

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.