Marcus & Millichap Arranges $5M Refinance For Larson Apartments In Garden Grove

The property at 8101 Larson Avenue in Garden Grove is a Multifamily asset consisting of 21 units. The recent transaction involved a refinancing loan amounting to $5,000,000. The loan terms include a 30-year period, a 65% loan-to-value ratio, a 6.30% interest rate, and a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 8101 Larson Avenue
• Market: Garden Grove
• Loan Type: Refinance
• Loan Terms: 30-year loan with 65% loan-to-value ratio, 6.30% interest rate, and 30-year amortization

Ron Balys from Marcus & Millichap played a crucial role in securing the $5 million refinancing for Larson Apartments in Garden Grove. This transaction supported the client's business plan that was initially established with MMCC's acquisition financing in 2022.