Tuesday, June 30, 2009

Marcus & Millichap Capital Corp. Arranges $3.5M Loan for San Francisco Mixed-Use Building

SAN FRANCISCO, CA– Marcus & Millichap Capital Corporation, (MMCC), has arranged a $3.5 million adjustable-rate loan for the refinance of a 12,019-square foot multi-family and retail building in San Francisco. (top left photo)

William Craun, an associate director in the San Francisco office, arranged the financing package for the property located at 3650-3664 Sacramento St.

“The borrower was seeking $1 million in cash-out proceeds to purchase another property in San Francisco,” says Craun.

Financing for this transaction was provided by a savings and loan bank at an adjustable rate of 5.95 percent. Terms of the loan are for 10 years. Loan to value was 60 percent.

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704, Kathryn.Molitor@marcusmillichap.com