Marcus & Millichap: MMCC Arranges $4.3M in Refinancing for Industrial Property in Vista, California

VISTA, CALIF. - Marcus & Millichap Capital Corp. (MMCC) has arranged $4.3 million for the refinancing of an industrial building located at 2270 La Mirada Drive in Vista. Kevin Elliott of MMCC secured the financing with a local credit union for the undisclosed borrower. Terms of the 10-year loan include a 6.3 percent interest rate with a 30-year amortization period and a 60 percent loan-to-value. Beacon Building Products, a distributor of roofing, waterproofing and related exterior products in the United States and Canada, occupies the 4,800-square-foot facility.The post MMCC Arranges $4.3M in Refinancing for Industrial Property in Vista, California appeared first on REBusinessOnline.