Marcus & Millichap Capital Corporation Arranges $3.675M Financing For Curran Place Apartments In Pomona

Curran Place Apartments is a 24-unit multifamily property located at 530-578 Curran Place in Pomona, CA. The property has secured a financing arrangement amounting to $3,675,000 with a loan structured over 30 years. The transaction features a fully amortized loan at an interest rate of 5.85% and a loan-to-value (LTV) ratio of 62%. This funding aids the acquisition of this multifamily asset situated in a supply-constrained area of Los Angeles County, which is anticipated to contribute to long-term investment stability.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,675,000
• Address: 530-578 Curran Place
• Market: Pomona
• Units: 24
• Loan Terms: 30-year
• Interest Rate: 5.85%
• Loan-to-Value (LTV): 62%

The financing for the acquisition was arranged by Richard Knorr, representing Marcus & Millichap Capital Corporation. This arrangement solidifies the buyer's ability to invest in a well-situated multifamily asset, aligning with their investment strategy in the region.