Marcus & Millichap Secures $9.4 Million Loan For Ross-Anchored Retail Property In Los Angeles

A retail property located at 420 South Alvarado Street in Los Angeles, anchored by Ross, involved a loan amount of $9,400,000. The financing was arranged for a private client demonstrating a noteworthy investment in this market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,400,000
• Loan Terms: 10-year non-recourse
• Interest Rate: 6.57%
• Broker: Bradley Buzil - Marcus & Millichap Capital Corporation
• Buyer: Kam Mateen & Shervin Mateen

Bradley Buzil, as the Senior Director at Marcus & Millichap Capital Corporation, played a pivotal role in securing the financing for this transaction. The arrangement included full-term interest-only payments, highlighting the terms facilitated on behalf of the private clients involved.