MARCUS & MILLICHAP CAPITAL CORP. FINANCES TWO CVS PROPERTIES

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PHILADELPHIA AND SWEDESBORO, N.J. — Marcus & Millichap Capital Corp. (MMCC) has arranged $9.84 million in permanent financing for two CVS pharmacy properties. In the first transaction, $6.4 million was secured for a Philadelphia CVS. The loan carries a 5-year term, a 30-year amortization schedule and a 6.3 percent fixed interest rate. In the second deal, a $3.44 million loan was secured for a CVS located in Swedesboro. The loan carries a fully amortizing 20-year term with a 6.25 percent fixed interest rate. Both loans feature a 70 percent loan-to-value ratio. James Conley of MMCC's Philadelphia office arranged the loans.

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