Marcus & Millichap Capital Corp. Arranges Two Loans Totaling $24.2 Million for New York City properties

Chris Marks

NEW YORK, NY – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged two loans totaling $24.2 million in New York City.

A 30-unit residential property and a three-unit mixed-use commercial property on 10th Avenue received $14.7 million; and a 30-unit residential mid-rise apartment on West 51st Street received $9.5 million.

Chris Marks, in the firm’s Manhattan office, and Steve Rock in the Westchester office handled both assignments. 

Steven Rock

“The borrowers wanted to secure more attractive terms for their maturing loans,” says Rock. “We identified a lender that provided favorable underwriting and met the client’s financing goals.” 

MMCC sourced two 7-year, fixed-rate loans at 3.9 percent. The loans amortize over 30 years with a 70 percent loan-to-value. 

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

Gina Relva

Public Relations Manager

(925) 953-1716