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| Orchard Park Apartments, Springfield, IL |
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| Richard Lynn |
SPRINGFIELD, IL Jan. 27, 2014 – Marcus & Millichap
Capital Corporation (MMCC), a leading provider of commercial real estate
financing and capital markets expertise, arranged 10-year, fixed-rate financing
for the acquisition of two multifamily properties in Springfield, Ill.
Rick
Lynn, a director in MMCC’s Chicago Oak Brook office, secured the loan.
“The
borrower was in a 1031 exchange, making this a time-sensitive transaction,”
says Lynn. “The process took just five weeks and illustrates our ability to
source capital for assets in other than primary markets.”
 |
| Alex Blagojevich |
James
Walsh, senior vice president investments in Marcus & Millichap’s
Chicago Downtown office, represented the seller, the property’s developer.
David Gaines, vice president investments, also in the
firm’s Chicago Downtown office, and Alex Blagojevich, vice president
investments in the firm’s Tampa office, led the national marketing campaign.
The Chicago-area buyer is a private investor representing his family investment
trust.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
Marcus & Millichap Capital Corporation
(925) 953-1716
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