Marcus & Millichap Capital Corporation (MMCC), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, arranged $4,464,000 to refinance a newly built 14-unit multifamily property located at 1924 Harding Avenue named 14onHarding in National City.
Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the financing with a national bank on behalf of a private client.
Terms of the five-year loan include a 5.61% fixed interest rate with 30-year amortization and a loan-to-value of 60%.
14onHarding consists of 14 two-bedroom units with amenities such as in-unit laundry and secured parking. It is located near the 24th Street tram station, providing direct access to downtown San Diego and the UCSD campus.
Marcus & Millichap Capital Corporation (MMCC) leverages unparalleled expertise, deep relationships with capital sources, and an unwavering commitment to your success to help you confidently navigate the complexity of the capital markets.
Marcus & Millichap is a complete brokerage offering investment sales, financing, research and advisory services. Our comprehensive suite gives our clients the information and guidance they need to build a solid investment strategy, which helps our firm close a transaction every 15 minutes of every single business day.
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.
