Thursday, December 25, 2014

Marcus & Millichap Capital Corp. Closes $29.6 Million Acquisition Loan in Westchester County, NY


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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