Marcus & Millichap Capital Corp. Arranges $25.8 Million Multifamily Portfolio Loan

Danny Abergel

 ENCINO CA – Marcus & Millichap Capital Corporation (MMCC) has arranged a loan for a portfolio of San Fernando Valley multifamily assets valued at $25.8 million.

Danny Abergel, a vice president capital markets in MMCC’s Encino office, arranged the refinancing, which comprises:

·         $11.1 million to refinance a 100-unit multifamily mid-rise property in North Hollywood

·         $9.1 million to refinance a 74-unit multifamily property in Sherman Oaks

·         $5.6 million to refinance two 18-unit multifamily properties in Sherman Oaks, at $2.8 million each

 “While values have risen, interest rates have fallen. With this new loan, we have helped our clients take advantage of these new lower rates, resulting in a dramatic reduction in debt costs,” says Abergel.

            The loan was structured with 30-year terms and will amortize over 30 years at an interest rate of 3.5 percent. The LTV is 75 percent.

For a complete copy of the company’s news release, please contact:

Marcus & Millichap Capital Corp.

(925) 953-1716