Recently Financed: $1,285,000 Cash-Out Refinance Multifamily Property in Long Beach, CA

Marcus & Millichap Capital Corp (MMCC) recently arranged $1,285,000 cash-out refinance on 8-unit multifamily property in Long Beach, CA for a repeat client taking advantage of low cost of debt and equity in the property, locked in a low interest rate prior to recent runup in yields. Interest rate and terms, as follows:

• Loan Amount: $1,285,000
• Interest Rate: 3.00%
• Fixed Rate Term: 5-years
• Amort/Term:?30-years
• Loan to Value: 65%
• 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]