MMCC, a leading commercial real estate finance firm, has successfully secured $96 million in refinancing for three multi-tenant retail centers situated in North Hollywood, Bakersfield and Ventura. The financing was arranged by Zack Metzner, Daizy Gomez and Linsey Farrahi from MMCC’s Newport Beach office on behalf of a private investor.
According to Metzner, the current volatility of the financing market has led many lenders to scale back on offering competitive options for retail centers. However, MMCC was able to secure a highly competitive loan option that met all the refinancing needs of their client. This included 65% LTV with a five-year fixed full-term interest-only loan at an attractive below-market rate of 5.77%.
The properties boast major tenants such as 24 Hour Fitness,Dollar Tree, Starbucks,Wells Fargo , Tractor Supply as well as various restaurants and grocery stores.This successful transaction highlights MMCC’s expertise in navigating challenging market conditions while delivering exceptional results for their clients’ financial goals.
