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CLOSED: MMCC Arranges 5-Day Close on $625,000 Purchase Loan for Multifamily Property in Cathedral City, CA

Richard Knorr

Managing Director, Capital Markets

发布日期: 2018年4月10日

Marcus & Millichap Capital Corp (MMCC) recently arranged a $625,000 bridge loan in five days for a client to acquire a 12-unit Apartment Complex located in Cathedral City, CA. The borrower had been declined on assuming the sellers existing loan on the property and had only nine days to perform before a hard close of escrow date. MMCC arranged a 12-month interest-only loan at 8.25% with no prepayment penalty to complete the purchase.

MMCC is a leading source of commercial real estate capital nationwide. In 2017, the firm sourced and closed more than $5.63 billion in debt and equity financing structures through more than 1,700 capital markets transactions across the U.S.

MMCC secures the most competitive financing available in the marketplace for our clients’ acquisition, refinance and development needs.

For more information about our programs, please contact:

Richard Knorr, Director Capital Markets, Western Region, Direct 909 456 3496 | Mobile 760 445 5766 | [email protected]

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CLOSED: MMCC Arranges 5-Day Close on $625,000 Purchase Loan for Multifamily Property in Cathedral City, CA

Richard Knorr

Managing Director, Capital Markets

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