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| 301,704-square-foot Warehouse, Peachtree City, GA |
PEACHTREE CITY, Ga., Aug.15, 2013 – Marcus & Millichap
Capital Corporation (MMCC), a leading provider of commercial real estate
financing and capital markets expertise, has arranged $10,800,000 million of
debt for a 301,704-square-foot industrial warehouse asset in Peachtree City,
Ga.
 |
| Tim Kinney |
Tim
Kinney, a vice president capital markets in the firm’s Atlanta office,
arranged the loan.
“Marcus
& Millichap Real Estate Investments Services’ senior associate Rob Fox
approached us on behalf of the buyer who was looking to lock in long-term,
fixed-rate, nonrecourse financing,” says Kinney.
“Our
experience in the capital markets arena and strong relationships with a variety
of lenders were instrumental to our securing the business.”
MMCC was
able to source a CMBS loan that fit the client’s needs. The 10-year, 5.4
percent fixed rate loan had 30-year amortization and 75 percent loan-to-value.
For a complete copy of the company’s news
release, please contact:
Gina Relva
Public Relations
Manager
Marcus & Millichap Capital Corp.
(925) 953-1716
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