OCEANSIDE, CA-– Marcus & Millichap Capital Corporation (MMCC) has arranged a $5.2 million loan to purchase a 67-room Ramada Inn (top right photo) located at 1440 Mission Ave. in Oceanside.Sharone Sabar, an associate in the firm’s Encino office, arranged the financing package for the Ramada Inn.
Financing for the property was provided by a commercial lender at an adjustable interest rate at Prime plus 0.5 percent. The terms of the loan were 10 years with a 25-year amortization schedule. The loan-to-value was 77 percent.
Financing for the property was provided by a commercial lender at an adjustable interest rate at Prime plus 0.5 percent. The terms of the loan were 10 years with a 25-year amortization schedule. The loan-to-value was 77 percent.
“Obtaining high-leverage loans is a challenge in today’s marketplace,” says Sabar. “MMCC was able to close the deal in 40 days, with high leverage, and obtain a great rate for the borrower.”
CONTACTS:
Stacey Corso 
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
Press Contact: Kathy Molitor
Marcus & Millichap Capital Corporation
(925) 953-1704
Marcus & Millichap Capital Corporation
(925) 953-1704
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