Property MMCC Secures Acquisition Loan for Mission Viejo Retail and Office Property

Property MMCC Secures Acquisition Loan for Mission Viejo Retail and Office Property

MMCC, a leading commercial real estate financing firm, recently arranged $21.8 million in funding for the purchase of Kaleidoscope Center in Mission Viejo. The retail shopping mall and office space is located at 27741 Crown Valley Parkway and was secured by Rick Judge, Senior Vice President of Capital Markets at MMCC’s Newport Beach office.

The five-year loan includes one year of interest-only payments at a rate of 7.5%, followed by a 25-year amortization schedule. Notable tenants include L.A Fitness, Regal Cinemas, Mariners Church, DMV and Buffalo Wild Wings.

According to Judge: “Despite current market challenges, we were able to secure highly favorable financing for this acquisition.” This latest transaction further solidifies MMCC’s reputation as an expert in securing competitive financing options for clients seeking commercial real estate investments.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts