Chad O'Connor Secures $65M Loan For Vista, San Marcos, Escondido, And La Mesa Multifamily Portfolio

172 Durian St., 420 Smilax Rd., 301 West Vermont & 8515 Chloe Ave. have recently been involved in a multifamily transaction in Vista, San Marcos, Escondido, and La Mesa. The deal was facilitated by Chad O’Connor from Marcus & Millichap. The loan amount for this transaction was $65,000,000 with a 10-year term and an interest rate of 3.25%. The loan is amortized for 30 years, and it allows for flexible step-down prepayment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Date: 02/16/2021
• Market: Vista, San Marcos, Escondido, La Mesa
• Loan Terms: 3.25%, 10-year term amortized for 30 years, flexible step-down prepay

This transaction involved the purchase of multiple multifamily properties located at 172 Durian St., 420 Smilax Rd., 301 West Vermont & 8515 Chloe Ave. The loan was facilitated by Chad O’Connor, a representative from Marcus & Millichap.