Recently Financed: $1,260,000 Cash-Out Refinance Multifamily Property in Cathedral City, CA

Recently Financed: $1,260,000 Cash-Out Refinance Multifamily Property in Cathedral City, CA

Richard Knorr Richard Knorr

Richard Knorr

Managing Director, Capital Markets

发布日期: 2022年3月29日
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Marcus & Millichap Capital Corp (MMCC) recently arranged $1,260,000 cash-out refinance on 12-unit multifamily property in Cathedral City, CA for a repeat client to take advantage of their equity in the property and locked a low interest rate for additional property investment. Interest rate and terms, as follows:

  • Loan Amount: $4,720,000
  • Interest Rate: 3.100%
  • Fixed Rate Term: 5-years
  • Amort/Term:?30-years
  • Loan to Value: 70%
  • Prepayment: 3, 3, 2, 1, 1 (%)

MMCC is a leading source of commercial real estate capital nationwide. In 2021, the firm sourced and closed more than $10.46 billion in debt and equity financing structures through 2,403 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 financing programs, please contact:

Richard Knorr | Direct (909) 456-3496 | Mobile (760) 445-5766 |

[email protected]

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