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Steven Wiltshire, (top right photo) an associate director in the firm’s Portland office, arranged the financing package for Hoffman Apartments.
“The property was operating at under market expense with lower-than-market expense ratios,” says Wiltshire.
“MMCC was able to add value by documenting the ratios and presenting an improved debt-service coverage ratio to the lender. As a result, the borrower also benefited by a gain in proceeds at closing.”
Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704
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