Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $21,775,000 in financing for the purchase of Kaleidoscope Center, a retail shopping mall with office space located at 27741 Crown Valley Pkwy. in Mission Viejo, California.
Rick Judge, senior vice president, capital markets based in MMCC’s Newport Beach office secured the financing.
“Notwithstanding a challenging market, we were able to secure attractive financing for this acquisition,” said Judge.
Terms of the five-year loan include one year of interest-only at 7.5% followed by 25-year amortization. Major tenants include L.A. Fitness, Edwards Theatres, Mariners Church, DMV, and Buffalo Wild Wings.
