Saturday, June 27, 2020

MMCC Arranges $3.15 Million Cash-Out Non-Recourse Refinancing for a 56-unit multifamily complex in Eustis, FL.


Robert Bhat

EUSTIS, FL– Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $3.15 million non-recourse loan to refinance a 56-unit multifamily complex located in Eustis, Florida.

“The borrower acquired the property for less than $1 million and decided to pull cash out for future investments,” said Robert Bhat, first vice president capital markets in MMCC’s Miami office.

“We were able to secure a 12-year fixed rate of 3.89% with the first three years interest- only, followed by a 30-year amortization.”

Eustis, FL Apartments


 About Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. 


 CONTACT:

Ocea Huggins
Operations Manager – Orlando and Jacksonville
Acting Operations Manager - Miami
Marcus & Millichap
300 South Orange Avenue
Suite 700
Orlando, FL 32801
(407) 557-3840 direct
(407) 557-3800 main
(407) 927-0313 mobile



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