Marcus & Millichap Capital Corp. Arranges $6.8M Loan for Class A Office Building in Northern California

GRASS VALLEY, CA – Marcus & Millichap Capital Corporation (MMCC) has arranged a $6.8 million loan for the construction of a Class A office building (rendering top right) located at 200 Litton Dr. in Grass Valley. The property is a 45,200-square foot build-to-suit for AJA Video.

Christopher Du Pont, an associate director in the Sacramento office of Marcus & Millichap Capital Corporation, arranged the construction financing for the Class A office building, a build-to-suit project for AJA Video.

“MMCC provided the client with very favorable terms, including origination at 50 to 75 basis points better than other offers they had received,” states Du Pont.

"As a result of MMCC’s value-add to the deal and our client, we created a long-term mutually beneficial relationship for future loan originations and financing.”

Financing for this property was provided by a commercial bank at one-month LIBOR, plus 250 basis points. Terms of the loan are for 15 months. Loan-to-value is 85 percent. (Downtown Grass Valley photo, bottom left)

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704