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February 16, 2021
A cash-out refinance of $65 million was secured for four multifamily buildings located in San Diego County. The loan was structured with an interest rate of 3.25 percent in a 10-year term amortized for 30 years with a flexible step-down prepay.
Chad O’Connor in Marcus & Millichap’s San Diego office exclusively financed this deal for a private investor.
The buildings are located at 172 Durian St. in Vista, 420 Smilax Rd. in San Marcos, 301 West Vermont in Escondido and 8515 Chloe Ave. in La Mesa.
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Four San Diego Multifamily Assets Get Cash-Out Refi of $65M
Paul Bubny