$11 Million Medical Office Building Refinancing Arranged by Marcus & Millichap Capital Corp. in Los Angeles, 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 $11 million in financing for a 75,000-square-foot medical office building in Los Angeles.

            Sharone Sabar, first vice president capital markets in MMCC’s Encino office, arranged the debt placement.

            “The borrower’s loan was maturing during a time of historically low vacancy for the property,” says Sabar. “MMCC arranged a 15-year fixed-rate loan with no prepayment penalty that completely satisfied our client’s financial requirements.”

            The refinancing was structured with a 4.25 percent fixed interest rate. The loan-to-value is 70 percent.

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

Gina Relva

Public Relations Manager

Marcus & Millichap Capital Corporation

(925) 953-1716