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| Christopher Marks |
RYE, NY – Marcus & Millichap Capital Corp. (MMCC), a
leading provider of commercial real estate financing and capital markets
expertise, has arranged a $29,625,000 acquisition loan for International
Corporate Center, a Class A office building in Rye, N.Y.
Located at 555 Theodore Fremd Ave., the 168,499-square foot
property was developed in 1990. Christopher Marks, an originator in the
Manhattan office of Marcus & Millichap Capital Corp., arranged the
financing.
“Chris
and his team did an excellent job assessing the client’s business plan for the
asset and delivering the optimal capital markets solution based on it,” said John
Wilcox, vice president of MMCC.
The
10-year, fixed-rate CMBS loan, with five years interest-only, amortizes over 30
years at a rate of 4.32 percent and 75% LTV.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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