Marcus & Millichap Capital Corporation (MMCC) arranged a $15.043-million loan to refinance Santa Fe Townhomes, a 45-unit multifamily property located at 1470 S Santa Fe Avenue in Vista, California. Chad O’Connor, executive managing director of capital markets based in MMCC’s San Diego office secured the financing with highly favorable terms for the client including non-recourse and five year fixed interest rate loan of 5.9% and 65% loan to value ratio.
Constructed in 2022, this newly constructed apartment complex is situated conveniently near Highway 78 while being only 15 minutes away from Carlsbad and Oceanside cities making it an attractive asset for investors looking for real estate opportunities within Vista area. The refi allows the client to cash out their investment thus enabling them to pursue other ventures as well as providing them with financial security through its long term fixed rate mortgage option which was provided by Marcus & Millichap Capital Corporation (MMCC).
