NEW YORK, NY– Marcus & Millichap Capital Corporation (MMCC) has arranged an $800,000 fixed-rate loan for the cash-out refinance of an eight unit apartment building located at 529 Carroll St. (top left photo) in Brooklyn, New York.Sean Mooney – Associate Director and Chris Marks – Associate, at the firm’s Manhattan office arranged the financing package for the building.
Financing for this transaction was provided by a Savings Bank at the 5-year fixed rate of 4.75 percent. Terms of the loan are for five-years fixed with a 30-year amortization schedule. Loan to value was 75 percent.
Press Contact: J.D. Parker, Vice-President and Regional Manager, New Haven
(203) 672-3300
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