Marcus & Millichap Capital Corp. Arranges $10.3 Million in Refinancing for Multifamily Asset

SEASIDE, CA– Marcus & Millichap Capital Corporation (MMCC) has arranged $10,312,500 in refinancing for a 121-unit multifamily property.

            David Campbell (lower right photo), an associate director in MMCC’s Palo Alto office, arranged the loan.

            “The client was looking for a competitive rate,” says Campbell. “While other lenders were quoting lower loan amounts with higher rates, we delivered cash-out financing in a smaller market, at a great rate.”

            “This loan demonstrates the demand for multifamily loans and the competitive lending environment that exists for these loans,” adds Campbell. “The amount of leverage we achieved in a smaller market, with cash-out is impressive.”

            The loan was structured with a 10-year term and amortizes over 30 years with an interest rate of 4.07 percent. The LTV is 75 percent.

Press Contact:

Stacey Corso

Marcus & Millichap Capital Corporation

(925) 953-1716

www.mmCapCorp.com

Marcus & Millichap Promotes Five Western-Based Agents to Vice President Investments

Joe Hendrickson, Steve Gebing, Mark Ruble, Chris Child, Marc Cunningham

 CALABASAS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted eight western-based agents to vice president investments.

 This designation exemplifies superior performance achieved by an associate during his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Steven R. Chaben (lower right photo), senior vice president and managing director.

            The agents, their office locations and specialties are:

·         Jon Hendrickson, Denver, retail and net-leased

·         Steve Gebing, Phoenix, multifamily

·         Mark Ruble, Phoenix, retail and net-leased

·         Chris Child, Salt Lake City, multifamily

·         Marc Cunningham, Seattle, multifamily

Previously, Ruble, Child and Cunningham held the title associate vice president investments. Hendrickson and Gebing were senior associates. 

 “With this promotion, these commercial real estate investment specialists have earned a prestigious designation within the firm and solidified their reputations as knowledgeable and successful investment professionals,” says Chaben.

“Their focus on providing superior client services has earned them a high degree of loyalty and respect from investors as well as from their peers.”

       

Contact:

Stacey Corso

Public Relations Manager

(925) 953-1716

Marcus & Millichap Promotes Seven Agents in the South

  

         Frank Carriera, David Greenberg, Craig Johnson, Drew Kristol

  

CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted seven agents based in the South to vice president investments.

This designation exemplifies superior performance achieved by an associate during his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Gene A. Berman (lower right photo), executive vice president and managing director.

                               Jamie May, Kirk Olson, Al Silva

            The agents, their office locations and specialties are:

·         Craig Johnson, Atlanta, retail and net-leased 

·         David M. Greenberg, Fort Lauderdale, hospitality

·         Drew A. Kristol, Miami, retail and net-leased 

·         Kirk D. Olson, Miami, retail and net-leased 

·         Frank P. Carriera, Tampa, multifamily

·         Jamie B. May, Tampa, multifamily

·         Al Silva, Fort Worth, multifamily

  

Previously, Johnson, Greenberg, Olson and Carriera held the title associate vice president investments. Kristol, May and Silva were senior associates. 

            “With this promotion, these commercial real estate investment specialists have earned a prestigious designation within the firm and solidified their reputations as knowledgeable and successful investment professionals,” says Berman.

“Their focus on providing superior client services has earned them a high degree of loyalty and respect from investors as well as from their peers.”

Contact:

Stacey Corso

Public Relations Manager

(925) 953-1716