$15.4 MILLION LOAN ARRANGED FOR MULTIFAMILY PROPERTY

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SUNNYVALE, CALIF. — Marcus & Millichap Capital Corp. has arranged a $15.4 million fixed-rate loan for the refinancing of Landmark Apartments in Sunnyvale. Located at 925 S. Wolfe Rd., the 81,390-square-foot property offers 130 multifamily units. Terms of the 7-year loan include interest-only for 3 years, a 30-year amortization schedule and an 80 percent loan-to-value ratio. Jake Roberts and Anita Paryani of Marcus & Millichap Capital Corp.’s West Los Angeles office arranged the financing on behalf of the undisclosed borrower.

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