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Marcus & Millichap Arranges $25M Loan For Multifamily Property At 12851 Haster Street In Garden Grove

12851 Haster Street
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This MultiFamily property located in CA received a loan of $25,000,000 almost 4 years ago. The broker of the deal was Sharone Sabar

Located at 12851 Haster Street in Garden Grove, this multifamily property was recently involved in a closed transaction. The property spans a total of 121,780 square feet, and it consists of 144 units. The loan amount secured for this transaction was $25,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000
  • Market: Garden Grove
  • Lender: Marcus & Millichap
  • Broker: Sharone Sabar
  • Loan Terms: 7 years fixed @ 3.40% 5 years interest only / non-recourse
  • Leverage: 62%

The lender for this transaction was Marcus & Millichap. The broker representing this deal was Sharone Sabar, showcasing their expertise in the market.

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Deals
  • Location
    12851 Haster Street, Garden Grove, CA, USA12851 Haster Street, Garden Grove, CA, USA
  • Loan Value
    $25,000,000$25,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Sharone Sabar

Sharone Sabar

Deals11
Financed$248.6M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

LOAN IMAGE: Sharone Sabar DATE: 04/10/2020 ADDRESS: 12851 Haster Street MARKET: Garden Grove ASSET TYPE: Multifamily LENDER: Marcus & Millichap BROKER: Sharone Sabar LOAN AMOUNT: $25,000,000 LOAN TERMS: 7 years fixed @ 3.40% 5 years interest only / non recourse SF: 121,780 UNITS: 144 NOTES: Leverage: 62%.

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12851 Haster Street

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