Marcus & Millichap Capital Corp Arranges $96M Refinance Loan For SoCal Shopping Centers

The Retail Portfolio in Bakersfield, North Hollywood, and Ventura has successfully secured a $96 million loan for a refinance. The loan, facilitated by Marcus & Millichap Capital Corp, features a fixed interest rate of 5.8 percent for five years. The three Southern California shopping centers are the subjects of this refinancing deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $96,000,000
• Address: Bakersfield, North Hollywood & Ventura
• Market: Southern California
• Loan Type: Refinance
• Loan Terms: Five-year, interest-only loan at 5.8% fixed interest rate
• Brokers: Daizy Gomez, Linsey Farrahi & Zack Metzner - Marcus & Millichap Capital Corp

Zack Metzner, Daizy Gomez, and Linsey Farrahi from MMCC are the brokers responsible for arranging the $96 million loan for the refinance of the three shopping centers. Their efforts have successfully secured the fixed interest rate loan for a private investor, marking a significant financial transaction in the retail sector.