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| Matthew Rosenberg |
YORK, PA – Marcus & Millichap Capital Corporation (MMCC)
has arranged $6,640,000 in debt for the purchase of a newly constructed
20,000-square foot Class A office property.
Matthew Rosenberg, an associate in MMCC’s
Philadelphia office, arranged the loan.
“Our client had very specific requirements for the loan,”
says Rosenberg. “To meet their needs, we delivered a fixed interest rate of
4.11 percent, which is quite low for a commercial single-tenant triple-net
leased property.”
“Many loans on single-tenant triple-net leased properties
with less than 10 years remaining on the lease are reaching maturity,”
Rosenberg concludes.
“MMCC has a great deal of experience in sourcing capital
for these loans and can offer clients a number of different loan structures to
suit their specific needs.”
The seven-year fixed-term loan amortizes over 30 years. The
LTV is 80 percent
For a complete copy of the company’s new release, please
contact:
Ben Johnson
Marketing Director
(925) 953-1736
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