Marcus & Millichap Secures $64 Million Financing for Rancho Cucamonga Mixed-Use Development

Reuters
08-02
Marcus & Millichap Secures $64 Million Financing for Rancho Cucamonga Mixed-Use Development

Marcus & Millichap Capital Corporation (MMCC) has successfully secured $64 million in construction financing for a significant mixed-use development in Rancho Cucamonga, California. This financing, arranged by Ron Balys, senior managing director at MMCC's Orange County office, was secured with Parkview Financial on behalf of a private developer. The project, located at 8500 Haven Avenue, will feature six residential buildings, a mixed-use building with 248 apartment units and ground-floor commercial space, and a retail building. Residents will enjoy amenities such as a swimming pool, fitness center, pickleball court, clubhouse, on-site laundry, and landscaped outdoor areas. This transaction exemplifies the importance of prudent underwriting and strong collaboration in today's market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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