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.
