Marcus & Millichap Capital Corp. Arranges $5.4 Million Refinance in Van Nuys, CA

  

Sharone Sabar

LOS ANGELES, CA – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged $5.4 million of debt for a 16,507-square-foot retail property in Van Nuys, Calif.

Sharone Sabar, a vice president capital markets in MMCC’s Encino office, arranged the loan. 

            “The borrower’s loan was maturing,” says Sabar. “The property was a multi-tenant retail center anchored by a church occupying more than 40 percent of the space, which made it difficult to finance.

Van Nuys, CA retail center

“To add to the challenge, the borrower wanted a high leveraged loan. MMCC sourced a lender that met the borrower’s needs with a very competitive interest rate,” concludes Sabar.  

The 15-year fixed loan amortizes over 25 years at 4.3 percent with a 65 percent loan-to-value.

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

Gina Relva,

Public Relations Manager

(925) 953-1716