Marcus & Millichap Capital Corp. Arranges $1.9M Financing for Apartment Building in Valley Village, CA

VALLEY VILLAGE, CA – Marcus & Millichap Capital Corporation (MMCC) has arranged a $1.9 million refinancing loan for a multifamily property in Valley Village.

Adam Petriella, (top right photo) a vice president capital markets in the firm’s West Los Angeles office, arranged the loan for the property.

“The borrower’s circumstances required MMCC’s hands-on involvement with his advisors,” says Petriella. “The borrower took cash out and we were able to close the loan in fewer than 60 days.”

The loan has a loan-to-value of 60 percent and a 6.25 percent interest rate, fixed with no prepay.

Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation, (925) 953-1716