Marcus & Millichap Capital Corporation (MMCC) arranged $64 million in financing for the construction of a mixed-use multifamily, retail, and commercial development project. The project is located at 8500 Haven Avenue in Rancho Cucamonga, California.
The full project will feature six residential buildings, a mixed-use building with 248 apartment units and ground-floor commercial space, and a retail building. Planned apartment amenities include a swimming pool, fitness center, pickleball court, and a clubhouse.
MMCC worked closely with the client over six months to prepare this mid-construction financing for the market. The transaction highlights MMCC's prudent underwriting and the collaborative approach required for successful closings in today’s market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.