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| Christopher Marks |
ORLANDO, FL – Marcus & Millichap Capital Corp. (MMCC), a
leading provider of commercial real estate financing and capital markets
expertise, arranged a $5 million line of credit for an investor in Orlando,
Fla.
Christopher Marks, originator, and Kyle Young,
associate originator, both in MMCC’s Manhattan office, arranged the financing.
“Our
client wanted to invest further in their real estate holdings, but for a number
of reasons, a traditional mortgage wasn’t the answer,” says Marks.
“We assessed their needs and recommended a line of credit to
support their new ventures. Most lenders quoted three-year loans, but MMCC
arranged a line of credit with a five-year term and a two-year option to
extend.”
The borrower’s real estate holdings include a portfolio of
Dollar General stores.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
Marcus & Millichap
(925) 953-1716
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