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.
For comments, questions or concerns, please contact Lisa Brown
Four San Diego Multifamily Assets Get Cash-Out Refi of $65M