**MMCC Secures $64M Construction Loan for Rancho Cucamonga Mixed-Use Development**
Marcus & Millichap Capital Corporation (MMCC) has arranged $64 million in financing for the construction of a new mixed-use development located at 8500 Haven Avenue in Rancho Cucamonga, California. The financing was secured by Ron Balys, Senior Managing Director in MMCC’s Orange County office, through Parkview Financial on behalf of a private developer.
“Over the course of six months, we worked closely with our client to thoughtfully prepare this mid-construction financing for market,” said Balys. “The transaction came together seamlessly, thanks to prudent underwriting and an exceptionally well-organized borrower team.”
Paul Rahimian, CEO and Founder of Parkview Financial, also commented on the investment. “This is a highly strategic investment in a market with strong underlying fundamentals. With conservative underwriting, experienced sponsors, and a de-risked construction timeline, we’re confident this project is well-positioned to deliver long-term value.”
Once completed, the project will feature six residential buildings and a mixed-use structure offering 248 apartment units with ground-floor commercial space. An additional retail building will also be included in the development, further enhancing the site’s community impact and commercial appeal.
