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| Robert Bhat |
EUSTIS, FL– Marcus &
Millichap Capital Corp. (MMCC), a leading provider
of commercial real estate financing and capital markets expertise, has arranged
a $3.15 million non-recourse loan to refinance a 56-unit multifamily complex
located in Eustis, Florida.
“The
borrower acquired the property for less than $1 million and decided to pull
cash out for future investments,” said Robert Bhat, first vice president
capital markets in MMCC’s Miami office.
“We were able to secure a
12-year fixed rate of 3.89% with the first three years interest- only, followed
by a 30-year amortization.”
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| Eustis, FL Apartments |
About Marcus & Millichap Capital Corporation
Marcus &
Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada.
CONTACT:
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Ocea Huggins
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Operations Manager – Orlando and Jacksonville
Acting Operations Manager - Miami
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