Tuesday, June 4, 2013

Marcus & Millichap Capital Corp. Arranges $6.6 Million Single-Tenant Office Acquisition


Matthew Rosenberg
 YORK, PA – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,640,000 in debt for the purchase of a newly constructed 20,000-square foot Class A office property.

Matthew Rosenberg, an associate in MMCC’s Philadelphia office, arranged the loan.

“Our client had very specific requirements for the loan,” says Rosenberg. “To meet their needs, we delivered a fixed interest rate of 4.11 percent, which is quite low for a commercial single-tenant triple-net leased property.”

“Many loans on single-tenant triple-net leased properties with less than 10 years remaining on the lease are reaching maturity,” Rosenberg concludes.

 “MMCC has a great deal of experience in sourcing capital for these loans and can offer clients a number of different loan structures to suit their specific needs.”

The seven-year fixed-term loan amortizes over 30 years. The LTV is 80 percent

For a complete copy of the company’s new release, please contact:

Ben Johnson
Marketing Director

(925) 953-1736

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