MMCC ARRANGES $9.37 MILLION MULTIFAMILY LOAN IN N.Y.

LAFAYETTE AND TULLY, N.Y. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $9.37 million loan for the refinancing of New York multifamily portfolio. The portfolio contains three properties, two located in Lafayette and one located in Tully. The non-recourse financing carries a 5.05 interest rate, a 10-year term over a 30-year amortization schedule and a 75 percent loan-to-value ratio. Brian Ursino with MMCC's Manhattan office arranged the deal.