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| 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
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