$107 Million Construction Financing Arranged by Marcus & Millichap Capital Corporation for Los Angeles Area Mixed-Use Property
Marcus & Millichap Capital (MMCC) has arranged $107 million in construction financing for a mixed-use development project in Ontario, California. The project, located at 4117 E Concours Street, will feature 384 multifamily units and 26,000 square feet of retail space adjacent to the Toyota Arena.
The financing was secured by Stefen Chraghchian with Affinius Capital and Bank OZK for Adept Urban Development. The development, known as Adept Ontario, represents the first phase of a master-planned development in the Inland Empire market, targeting an area experiencing continued population and job growth.
MMCC, a subsidiary of Marcus & Millichap (NYSE: MMI), closed 1,076 transactions totaling $6.73 billion in 2023. The parent company completed 7,546 transactions with a sales volume of approximately $43.6 billion in the same year.
Marcus & Millichap Capital (MMCC) ha organizzato 107 milioni di dollari in finanziamenti per la costruzione di un progetto di sviluppo a uso misto in Ontario, California. Il progetto, situato al 4117 E Concours Street, presenterà 384 unità multifamiliari e 26.000 piedi quadrati di spazio commerciale adiacente alla Toyota Arena.
Il finanziamento è stato assicurato da Stefen Chraghchian con Affinius Capital e Bank OZK per Adept Urban Development. Lo sviluppo, noto come Adept Ontario, rappresenta la prima fase di un progetto di sviluppo pianificato nel mercato dell'Inland Empire, mirato a un'area in crescita continua di popolazione e posti di lavoro.
MMCC, una filiale di Marcus & Millichap (NYSE: MMI), ha chiuso 1.076 transazioni per un totale di 6,73 miliardi di dollari nel 2023. La società madre ha completato 7.546 transazioni con un volume di vendite di circa 43,6 miliardi di dollari nello stesso anno.
Marcus & Millichap Capital (MMCC) ha organizado 107 millones de dólares en financiamiento para la construcción de un proyecto de desarrollo de uso mixto en Ontario, California. El proyecto, ubicado en 4117 E Concours Street, contará con 384 unidades multifamiliares y 26,000 pies cuadrados de espacio comercial adyacente a la Toyota Arena.
El financiamiento fue asegurado por Stefen Chraghchian con Affinius Capital y Bank OZK para Adept Urban Development. El desarrollo, conocido como Adept Ontario, representa la primera fase de un desarrollo planificado en el mercado de Inland Empire, dirigido a una área que experimenta un crecimiento continuo de población y empleo.
MMCC, una subsidiaria de Marcus & Millichap (NYSE: MMI), cerró 1,076 transacciones que totalizan 6.73 mil millones de dólares en 2023. La empresa matriz completó 7,546 transacciones con un volumen de ventas de aproximadamente 43.6 mil millones de dólares en el mismo año.
Marcus & Millichap Capital (MMCC)는 캘리포니아주 온타리오의 복합 용도 개발 프로젝트를 위해 1억 700만 달러의 건설 자금을 마련했습니다. 이 프로젝트는 4117 E Concours Street에 위치하며, 384개의 다가구 주택과 26,000제곱피트의 소매 공간이 Toyota Arena와 인접하여 조성됩니다.
자금 조달은 Stefen Chraghchian이 Affinius Capital 및 Bank OZK와 함께 Adept Urban Development를 위해 확보했습니다. Adept Ontario라는 이름의 이 개발 프로젝트는 Inland Empire 시장에서 인구 및 일자리 성장세를 지속적으로 경험하고 있는 지역을 대상으로 한 마스터 플랜 개발의 첫 번째 단계인 것입니다.
MMCC는 Marcus & Millichap (NYSE: MMI)의 자회사로, 2023년에 총 67억 3000만 달러의 1,076건의 거래를 완료했습니다. 모회사는 같은 해에 약 436억 달러의 매출로 7,546건의 거래를 완료했습니다.
Marcus & Millichap Capital (MMCC) a organisé 107 millions de dollars de financement pour la construction d'un projet de développement à usage mixte à Ontario, Californie. Le projet, situé au 4117 E Concours Street, comprendra 384 unités multifamiliales et 26 000 pieds carrés d'espace commercial adjacent à la Toyota Arena.
Le financement a été sécurisé par Stefen Chraghchian avec Affinius Capital et Bank OZK pour Adept Urban Development. Le développement, connu sous le nom d'Adept Ontario, représente la première phase d'un projet de développement planifié sur le marché de l'Inland Empire, ciblant une zone qui connaît une croissance continue de la population et des emplois.
MMCC, une filiale de Marcus & Millichap (NYSE: MMI), a clôturé 1 076 transactions totalisant 6,73 milliards de dollars en 2023. La société mère a réalisé 7 546 transactions avec un volume de ventes d'environ 43,6 milliards de dollars au cours de la même année.
Marcus & Millichap Capital (MMCC) hat 107 Millionen Dollar an Baufinanzierung für ein gemischt genutztes Entwicklungsprojekt in Ontario, Kalifornien, organisiert. Das Projekt, das sich in der Concours Street 4117 E befindet, wird 384 Mehrfamilienwohnungen und 26.000 Quadratfuß Einzelhandelsfläche in der Nähe der Toyota Arena umfassen.
Die Finanzierung wurde von Stefen Chraghchian mit Affinius Capital und Bank OZK für Adept Urban Development gesichert. Die Entwicklung, bekannt als Adept Ontario, repräsentiert die erste Phase eines masterplanmäßigen Projekts im Inland Empire Markt, das sich an ein Gebiet richtet, das ein anhaltendes Wachstum der Bevölkerung und der Arbeitsplätze erlebt.
MMCC, eine Tochtergesellschaft von Marcus & Millichap (NYSE: MMI), hat 2023 insgesamt 1.076 Transaktionen im Wert von 6,73 Milliarden Dollar abgeschlossen. Das Mutterunternehmen hat im selben Jahr 7.546 Transaktionen mit einem Verkaufsvolumen von etwa 43,6 Milliarden Dollar durchgeführt.
- Secured major construction financing of $107 million
- Project adds significant mixed-use development with 384 units and 26,000 sq ft retail space
- Company demonstrated strong performance with $6.73B in transactions in 2023
- Parent company achieved $43.6B in sales volume across 7,546 transactions in 2023
- None.
Insights
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The deal's structure, combining Affinius Capital and Bank OZK as lenders, showcases MMCC's sophisticated approach to complex financing arrangements. This is particularly noteworthy as construction lending has become increasingly selective, with many traditional lenders pulling back from the market. The ability to secure financing for a large-scale mixed-use development signals MMCC's strong relationships with institutional lenders and its growing influence in the commercial real estate capital markets.
The transaction also provides valuable insights into MMCC's operational performance. In 2023, MMCC closed 1,076 transactions totaling
The development's strategic elements - including its mixed-use nature, prime location and digital media integration - align well with current market trends and suggest strong potential for value appreciation. This successful execution could lead to additional similar mandates, potentially expanding MMCC's market share in the competitive commercial real estate financing landscape.
Stefen Chraghchian, senior director in MMCC’s
“We thank our client for their trust in our expertise to arrange the construction financing for this transformative development, allowing their vision for this site to come to life,” said Chraghchian. “We navigated through a challenging lending environment to provide them with highly competitive terms. Adept
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
About Marcus & Millichap, Inc. (NYSE:MMI)
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20250206149878/en/
Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com
Source: Marcus & Millichap Capital Corporation
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