Recently Financed! Bridge Loan Purchase Financing 16-Unit Multifamily Property in Lakewood, CA

Recently Financed! Bridge Loan Purchase Financing 16-Unit Multifamily Property in Lakewood, CA

Marcus & Millichap Capital Corp (MMCC) recently arranged a $3,950,000 purchase loan for an 16-unit multifamily property located in Lakewood, CA. The subject property had under market rents at the time of purchase and needed minor interior improvements to units. Rate and terms as follows:

  • Loan Amount: $3,950,000
  • Interest Rate: 3.50%
  • Amortization: Interest-Only
  • Loan term:?36-months
  • Loan to Value: 67%
  • Prepayment: No Prepay

MMCC is a leading source of commercial real estate capital nationwide. In 2020, the firm sourced and closed more than $7.76 billion in debt and equity financing structures through 1,943 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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