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Chad O’Connor Of Marcus & Millichap Capital Corp Secures $4.38M Loan For Morton's The Steakhouse

Property Image
FINANCED
$4,380,000

California

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Retail
Financed 08/28/2025
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Property Image
FINANCED

Chad O’Connor Of Marcus & Millichap Capital Corp Secures $4.38M Loan For Morton's The Steakhouse

285 J Street

See Similar Deals
Retail
Financed 08/28/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

A retail property located at 285 J Street in San Diego’s Gaslamp Quarter was financed for a total of $4,380,000. The loan terms extend over a period of 6 years with a loan-to-value ratio (LTV) of 65%. The property is associated with Morton’s The Steakhouse.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,380,000
  • Loan Terms: 6-year
  • Address: 285 J Street
  • Market: San Diego
  • Loan Interest Rate: 6.09%
  • LTV: 65%
  • Broker: Chad O’Connor - Marcus & Millichap Capital Corp

Chad O’Connor represented a private client in securing this financing arrangement through a national credit union. The loan was organized by Marcus & Millichap Capital Corp.

Players

Chad O’Connor
Marcus & Millichap
Chad O’Connor
27 deals$267.3M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

FINANCED
IMAGE: Chad O’Connor DATE: 08/28/2025 ADDRESS: 285 J Street MARKET: San Diego ASSET TYPE: Retail BROKER: Chad O’Connor - Marcus & Millichap Capital Corp (@MMCapCorp) LOAN AMOUNT: $4,380,000 LOAN TERMS: 6-year NOTE: Marcus & Millichap Capital Corp. arranged $4.38M in financing for a Morton’s The Steakhouse property at 285 J Street in San Diego’s Gaslamp Quarter. Chad O’Connor secured the 6-year, 6.09% loan with 65% LTV from a national credit union on behalf of a private client.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,380,000.00

Monthly NOI$29,200.00
Monthly Debt Service$27,684.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00