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/