MMCC, a leading capital corporation in the real estate industry, has successfully secured $96 million for the refinancing of three multi-tenant retail centers located 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.
Despite market challenges and limited options for retail center financing at this time, MMCC was able to secure a competitive loan option with favorable terms for the investor. This included 65% LTV on a five-year fixed full-term interest-only loan at an attractive rate of 5.77%.
The properties boast major tenants such as 24 Hour Fitness, Dollar Tree,
Starbucks,Wells Fargo Tractor Supply,and various restaurants and grocery stores.
This successful transaction highlights MMCC’s expertise in navigating complex markets to provide tailored solutions that meet their clients’ needs.
