Sunday, September 28, 2014

$5 Million Line of Credit Arranged by Marcus & Millichap Capital Corp. for Orlando, FL Investor


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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