Marcus & Millichap Facilitates $27.9M Loan For Mesa Multifamily Acquisition

The multifamily property located in Mesa, CA has recently undergone an acquisition. This property comprises 209 units with a total area of 160,100 square feet. The transaction was facilitated by brokers Stefen Chraghchian and Sharone Sabar from Marcus & Millichap. The property is valued at a loan amount of $27,977,700, which was provided for the acquisition.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,977,700
• Location: Mesa, CA
• Units: 209
• Total Area: 160,100 square feet
• Loan Type: Acquisition
• Loan Terms: 5.94% Rate, 7-YR Fixed, Full Term IO

Stefen Chraghchian and Sharone Sabar from Marcus & Millichap played a crucial role as brokers in facilitating this acquisition loan. With their expertise, they successfully closed the deal for the multifamily property in Mesa, CA. The loan includes favorable terms such as a 5.94% rate and a 7-year fixed term with full term interest-only payments.