 |
| 23 Palms Multifamily Tower, Edgewater submarket, Miami, FL |
MIAMI, FL – Marcus & Millichap Capital
Corp. (MMCC), a leading provider of commercial real estate
financing and capital markets expertise, has arranged a $5.9 million
nonrecourse loan with a government-sponsored enterprise to refinance 23
Palms, a 42-unit multifamily property located in the Edgewater submarket of
Miami, Florida.
 |
| Robert Bhat |
The loan included cash-out to the borrower.
“Situated within a highly desirable location, 23 Palms is a well-managed
property that maintains excellent occupancy,” said Robert Bhat, vice
president capital markets in MMCC’s Miami office.
“We were able to take
advantage of the low-rate lending environment to secure 4.65 percent for 10
years with three years of interest-only.”
Contacts:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
|
Daniella Aragon
|
|||
|
Marketing Coordinator
|
|||
|
|
||
No comments:
Post a Comment