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San Diego
Sunday, May 19, 2024
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Loan Secured for Vista Apartment Complex

A nearly $4.3 million acquisition loan was secured by Marcus & Millichap Capital Corp. for a Vista apartment complex.

The borrower was DGT Postal I.

The loan was for a 40,075-square-foot, two-story complex with 20-apartments at 991 Postal Way.

The terms included a 6.85% interest rate, a three-year term and a 65% loan-to-value ratio.

Chad O’Connor of Marcus & Millichap secured the loan.

“The low-rise apartment complex is in one of the fastest growing population areas in the North County region just north of San Diego, making it a highly desirable asset,” O’Connor said.


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