MARCUS & MILLICHAP ARRANGES $6 MILLION LOAN FOR RETAIL CENTER

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AUBURN, WASH. — Marcus & Millichap Capital Corporation (MMCC) has arranged a $6 million, 10-year fixed-rate loan to refinance the Auburn Center, a 45,402-square-foot neighborhood retail center located in Auburn. Arranged by Glenn Gioseffi, a director in MMCC’s Seattle office, the refinancing package was provided by a local bank. Built in 1991, the Auburn Center was refinanced at a loan-to-value of 50 percent with a 30-year term.

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