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

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.