Marcus & Millichap Capital Corp. Arranges $12.1 Million in Cash-Out Refinancing for Two Multifamily Properties in North Hollywood, CA

Danny Abergel

LOS ANGELES, CA – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged $12.1 million in cash-out refinancing for two apartment buildings totaling 229 units in North Hollywood, Calif.

            Danny Abergel, vice president capital markets in MMCC’s Encino office, arranged the debt placements.

            “These loans were part of a multifamily portfolio that included a third refinancing of $3,175,000 for 36 multifamily units and a fourth for $4,500,000 and 52 units,” says Abergel.

“To win the business and satisfy the borrower’s requirements, MMCC created a custom loan structure that no other financial intermediary could match.”

            The debt placements were structured with five years interest only and 75 percent LTV.

       

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

Gina Relva

Public Relations Manager

(925) 953-1716