Mark One Capital Brokers Two Loans Totaling $14M

MANHATTAN MIXED-USE BUILDING RECEIVES $5M LOAN

NEW YORK, N.Y/ – Marcus & Millichap Capital Corporation (MMCC) has arranged a $5 million fixed-rate, nonrecourse loan to refinance a 44-unit apartment building with four retail spaces in the Union Square neighborhood of Manhattan. (top left photo)

Sean Mooney, an associate director in the firm’s Brooklyn office, arranged the financing package for the mixed-use multi-family and retail building.

Financing for this transaction was provided by a commercial bank at the rate of 5.75 percent. Terms of the loan are for 10 years with a 30-year amortization schedule. Loan to value was 65 percent.

“MMCC was able to deliver an attractive finance package that included a nonrecourse loan which was an added incentive for our borrower to close the transaction with MMCC,” states Mooney.”

SAN JOSE, CA MOBILE HOME COMMUNITY OBTAINS $9M LOAN

SAN JOSE, CA – Mark One Capital has arranged a $9 million loan for the acquisition of Mobile Manor, (bottom right photo) a 22-acre mobile home community in San Jose.

Marshall De Wolfe, a senior director in the firm’s Palo Alto office, arranged the financing package for the 200-pad mobile home community.

“There is a limited supply of mobile home communities in the city of San Jose,” says De Wolfe. “This property type is in high demand and Mobile Manor was fully occupied at the time of its sale, making this asset a stable investment.”

Financing for this transaction was provided by a commercial bank at fixed rate of 6.25 percent for the first five years. The 30-year loan amortizes in 30 years. Loan-to-value is 66 percent.

“The borrower wanted a mild prepayment penalty and Mark One Capital was able to deliver loan terms that included a 1 percent prepayment in the first five years but allowed for a 20 percent principal reduction without penalty in those first five years,” notes De Wolfe.

“Mark One added additional value to the loan by adding two multi-family, cash-out refinance transactions that provided a partial source of down payment for Mobile Manor.”

Press Contact: Kathy Molitor, Mark One Capital, (925) 953-1704 kathryn.molitor@markonecapital.com

Mark One Capital Closes Loans Totaling $8M in New Jersey and Oregon

GLENDALE, ARIZ., RETAIL CENTER GETS $5.5M LOAN

GLENDALE, AZ– Mark One Capital has arranged a $5.5 million loan to refinance Brittany Square (top right photo) located at 6666 W. Peoria Ave. in Glendale.

Geoffrey Harris, a senior director in the firm’s Phoenix office, and Farhan Kabani, a senior associate in the firm’s Dallas office, arranged the financing package for Brittany Square.

“Many investors are assessing the current state of the market and choosing to optimize their equity by refinancing as a hedge against short- to medium-term volatility in cap rates,” says Harris. “A number of our clients view such transactions as an opportunity to access capital for attractive future buying opportunities.”

Financing for the 57,176-square foot Brittany Square was provided by a commercial bank at a fixed rate of 6.45 percent. Terms of the loan were for 10-years with a 30-year amortization schedule. The loan-to-value was 63 percent.

“Many of our clients are becoming aware of just how drastically the commercial lending market has shifted,” says Harris. “In today’s market, it is essential to work with a financial intermediary that has a proven track record and comprehends the intricacies of a given deal.”

Mark One Capital is a nationwide full-service commercial real estate finance company specializing in multi-family, retail, office, industrial, mixed-use, hospitality, self-storage, manufactured home community and development properties.

Mark One Capital has a long-term, established relationship with one of the nation’s largest investment real estate services company. Our representatives work closely with this national real estate investment firm which has been in operation since 1971 and has sourced more than $20.7 billion in investment sales in 2007.

MARK ONE CAPITAL ARRANGES $2.58M LOAN FOR PORTLAND, OR APARTMENT COMPLEX

PORTLAND, OR – Mark One Capital has arranged a $2.58 million loan for the acquisition of Brittany Place Apartments (bottom right photo), a 45-unit apartment complex, located at 2916 SE 125th Ave. in Portland.

Neal Churney, a director in the Phoenix office of Mark One Capital, arranged the financing package for Brittany Place Apartments.

“Mark One Capital secured a Fannie Mae loan after the loan request was initially declined by a commercial bank,” states Churney. “After much due diligence throughout the loan process, we were able to complete the transaction in a timely manner to the client’s satisfaction.”

Financing for Brittany Place Apartments was provided by an agency lender at a fixed rate of 5.74 percent. Terms of the loan were for five years with a 30-year amortization schedule. The loan-to-value was 70 percent.

Press Contact: Kathy Molitor, Mark One Capital, (925) 953-1704. http://www.markonecapital.com/