ROCKLAND COUNTY, N.Y., Oct. 4, 2011 – Marcus & Millichap Capital Corporation (MMCC) has arranged $17,000,000 in construction financing for the completion of a 110-unit luxury multifamily property in Rockland County. Steven Rock (top right photo), a senior director in the firm’s Manhattan office, arranged the loan.
“MMCC was able to provide valuable insight to the borrower regarding the types of bridge construction financing available for this project and work within a tight construction timeline,” says Rock. “Many developer/borrowers are having difficulty securing conventional financing due to the challenging capital markets and limited availability of construction financing.”
“MMCC provided expertise and identified the best lender to get the project completed,” continues Rock. “This luxury property is part of a master-planned community created by a world-class developer.”
Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation
(925) 953-1716
No comments:
Post a Comment