$64 Million in Construction Financing Secured by Marcus & Millichap Capital Corporation for Rancho Cucamonga Mixed-Use Development
$64 Million in Construction Financing Secured by Marcus & Millichap Capital Corporation for Rancho Cucamonga Mixed-Use Development
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Ron Balys, senior managing director in MMCC's Orange County office, secured the financing with Parkview Financial on behalf of a private developer.
'Over the course of six months, we worked closely with our client to thoughtfully prepare this mid-construction financing for market,' said Balys. 'The transaction came together seamlessly, thanks to prudent underwriting and an exceptionally well-organized borrower team. In today's market, successful closings hinge on strong collaboration and this deal was a perfect example of that alignment in action.'
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, clubhouse, on-site laundry, and landscaped outdoor areas.
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 2024, MMCC closed 1,249 transactions totaling $9.1 billion. To learn more, please visit: marcusmillichap.com/financing.
About Marcus & Millichap, Inc. (NYSE:MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
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