Ron Balys Of Marcus & Millichap Facilitates $3.41M Bridge Financing For 30-Unit Multifamily In Lompoc

A 30-unit multifamily property located at 701-717 North F Street in Lompoc, California was acquired with bridge financing. The loan amount secured for this transaction was $3,412,500, with an interest rate set at 11.5% and a loan-to-value ratio of 65%. The financing is structured as a one-year loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,412,500
• Loan Type: Acquisition
• Loan Terms: One-year loan, 11.5% interest rate, 65% loan-to-value ratio
• Broker: Ron Balys - Marcus & Millichap
• Market: Lompoc
• Units: 30

The financing was facilitated by Marcus & Millichap Capital Corporation (MMCC), with Ron Balys from the Orange County office arranging the deal to support both the buyer and seller in 1031 exchanges. The arrangement aimed to swiftly meet the requirements of the parties involved in the transaction.