Marcus & Millichap, a leading provider of commercial real estate capital markets financing solutions, arranged $7,034,000 and $6,545,000 for the refinancing of Canyon Crest Apartments and Hawthorne Chateau Apartments, two multifamily properties located in Los Angeles’ MSA.
Michael Derk, executive managing director in MMCC’s Nashville office secured agency financing on behalf of a private client.
Built in 1986 and located at 7833 Ventura Canyon Avenue in Panorama City, Canyon Crest Apartments includes 62 total units. Floorplans feature a mix of one- to three-bedroom units and offers a variety of amenities including a spa, a resort-style pool, a fitness center, parking garages, a dog park and a picnic area.
Hawthorne Chateau Apartments, built in 1973 and located at 3505 W 139th Street in Hawthorne, includes 58 total units. Floorplans feature a mix of one- to two-bedroom apartments and offers amenities such as laundry, a fitness center and an underground gated parking garage.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
