Marcus & Millichap Capital Corp. Arranges $3.2M Financing for Bay Area Multifamily Property

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,185,000 in financing for the purchase of a 15-unit multifamily property located at 280 Howland Street in Redwood City, California.

Chad O’Connor, executive managing director in MMCC’s San Diego office secured thefinancing with a private family office bridge lender.

“Our team worked closely with the firm’s investment sales division to meet the client’s needs and source local financing in a timely manner,” said O’Connor. “We were able to secure a 3-year loan with full-term interest only and a loan-to-value of 65%, bringing the transaction ready to close in just three weeks.”

The property features a mix of studio to two-bedroom units and is within walking distance of downtown Redwood City. It is situated between El Camino Real and the Bayshore Freeway, providing direct access to San Francisco, San Jose and the greater Bay Area.

About Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: