Marcus & Millichap Arranges $5M Refinance For Larson Apartments In Garden Grove | 8101 Larson Avenue | Ron Balys | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

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.

Players

All
2

Agents
1
Agencies
1

Ron Balys

First Vice President

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: 03/22/2024 ADDRESS: 8101 Larson Avenue MARKET: Garden Grove ASSET TYPE: Multifamily ~ UNITS: 21 BROKER: Ron Balys - Marcus & Millichap LOAN AMOUNT: $5,000,000 LOAN TYPE: Refinance LOAN TERMS: 30-year loan include 65% loan-to-value and a 6.30% interest rate with 30-years amortization NOTE: Marcus & Millichap Capital Corporation arranged $5 million refinancing for Larson Apartments in Garden Grove, CA, with Ron Balys securing bank financing for a private client. The terms include a 65% loan-to-value ratio and a 6.30% interest rate, supporting the client's business plan initiated with MMCC's previous acquisition financing in 2022.

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Address8101 Larson Avenue

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