DENVER, CO– Marcus & Millichap Capital Corporation (MMCC) has arranged a $30.6 million non-recourse loan for the acquisition of The Aventine, (top right photo) a 336-unit apartment complex located at 3257 S. Parker Road.
Jake Roberts and Anita Paryani, both senior directors in the firm’s West Los Angeles office, arranged the financing package for The Aventine.
Financing for the property was provided by a bridge lender at a floating interest rate at LIBOR plus 225 basis points. The interest-only loan has an LTV of 71 percent. “The lender provided a commitment to the borrower within two weeks of receiving the signed application for the non-recourse loan,” says Roberts.
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
Press Contact:
Kathy Molitor
Marcus & Millichap Capital Corporation
(925) 953-1704
Marcus & Millichap Capital Corporation
(925) 953-1704
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