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698 Orange Avenue
FINANCED

Marcus & Millichap Capital Corporation Secures $10M Refinance For Orange Terrace Apartments

698 Orange Avenue

MultiFamily
clock iconFinanced 99 days ago
Zack Metzner
Daizy Gomez
Linsey Farrahi
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Summary

Loan
CALIFORNIA
MultiFamily

The Orange Terrace Apartments is a 72-unit multifamily property located at 698 Orange Avenue in Long Beach, California. Marcus & Millichap Capital Corporation secured $10 million in refinancing for the property, with a 10-year term, a 5.9% interest rate, and a 50% loan-to-value ratio.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Address: 698 Orange Avenue
  • Market: Long Beach
  • Brokers: Daizy Gomez, Linsey Farrahi & Zack Metzner - Marcus & Millichap Capital Corporation
  • Loan Type: Refinance
  • Loan Terms: 10-year term with a 5.9% interest rate and 50% LTV

Zack Metzner, Daizy Gomez, and Linsey Farrahi from MMCC's Newport Beach office were instrumental in arranging the financing for the Orange Terrace Apartments. Their efforts focused on highlighting the prime location of the property and negotiating favorable terms for the private investor involved in the transaction.

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Zack Metzner's profile picture
Zack Metzner
Marcus & Millichap-image
Senior Loan Analyst

Details

Deal Summary
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FINANCED
IMAGE: Linsey Farrahi & Zack Metzner DATE: 04/11/2024 ADDRESS: 698 Orange Avenue MARKET: Long Beach ASSET TYPE: Multifamily ~ UNITS: 72 BROKERS: Daizy Gomez, Linsey Farrahi & Zack Metzner - Marcus & Millichap Capital Corporation (@MMCapCorp) LOAN AMOUNT: $10,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year term with a 5.9% interest rate and 50% LTV. NOTE: MMCC secured $10 million in refinancing for Orange Terrace Apartments, a 72-unit multifamily property in Long Beach, California. Zack Metzner, Daizy Gomez, and Linsey Farrahi from MMCC's Newport Beach office arranged the financing, emphasizing the prime location of the property and securing favorable terms, including a 10-year term with a 5.9% interest rate and 50% LTV, for the private investor.

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Address698 Orange Avenue

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