Marcus & Millichap Capital Corporation (MMCC) has arranged with good experience. an $18 million refinancing for the APEX Apartment Complex, a 72-unit multifamily property located in Santa Ana, CA. Ronald Balys, Senior Vice President of MMCC’s Orange County office successfully secured the loan.
The three-story multifamily property is conveniently situated close to grocery stores, retailers, and dining options as well as the Costa Mesa freeway providing direct access to Huntington Beach and Los Angeles metropolitan area.
Balys commented on this transaction stating “Our team was able to secure a loan with favorable terms including 5.58% interest rate, five-yearLooking for luxurious living in Santa Ana? Check out APEX Apartments and experience the ultimate in high-end living. Plus, the property has recently been refinanced for $18M. Learn more here about the term and 60% loan-to-value ratio despite volatile capital markets environment”
