MMCC ARRANGES $2.6M FOR PHILADELPHIA APARTMENT BUILDING

PHILADELPHIA — Marcus & Millichap Capital Corp. has arranged a $2.6 million loan for the refinancing of 1311 Lofts, a 16-unit apartment building in Philadelphia. The loan includes a 3.75 percent interest rate and a 75 percent loan-to-value ratio. The multifamily property is located at 1311 Spruce St.