Marcus & Millichap Capital Corp. Arranges $5.94M in 2 New Loans

TCI Michelin Building in Henderson, CO Receives $2.38M


HENDERSON, CO– Marcus & Millichap Capital Corporation (MMCC) has arranged a $2.38 million fixed-rate loan to refinance the 21,000-square foot TCI Michelin building (top right photo) located at 9156 Brighton Rd. in Henderson.

Colton Smith, an associate director in the firm’s Denver office, arranged the financing package for the single-tenant net-leased industrial property.

“The loan had a mezzanine piece behind the senior debt that made it a 79 percent combined loan to value,” says Smith.

“Additionally, the buying entity was a syndicate, which added an extra level of complexity when we were sourcing lenders. Due to the complex structure of the loan, it had been turned down by several sources before the borrower came to MMCC,” adds Smith.

“Through MMCC’s platform and local relationships, we were able to close in a timely fashion with a high LTV and other favorable rates for our client.”


Financing for this transaction was provided by a regional bank at a fixed rate of 6.95 percent. Terms of the loan are for five years with a 20-year amortization schedule. LTV was 70 percent.

“We have witnessed an increasing trend in which a number of local and regional banks are closing loans with five-year balloon payments and 20- to 25-year amortization schedules,” says Smith.




Westampton, NJ Walgreens Obtains $3.56M


WESTAMPTON, NJ– Marcus & Millichap Capital Corporation (MMCC) has arranged a $3.56 million fixed-rate loan for the acquisition of a 14,820-square foot Walgreens located in Westampton, New Jersey.

James Conley, a director in the firm’s Philadelphia office, arranged the financing package for the single-tenant Walgreens property.

“By utilizing MMCC’s platform, we were able to access our extensive lender base,” says Conley. “We found a lender who met all of the client’s loan terms and we were able to close in 45 days.”

Financing for this transaction was provided by a regional bank at a fixed rate of 6.2 percent. Terms of the loan are for 10 years with a 30-year amortization schedule. Loan to value was 55 percent.

“What sets this transaction apart is that MMCC structured the loan with an additional funding clause that allowed the client to borrow up to 70 percent in additional funds within the first 36 months of the loan,” adds Conley.

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704