M&M ARRANGES $31.7M REFINANCING OF NYC PORTFOLIO

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NEW YORK CITY — Marcus & Millichap Capital Corp. has arranged a $31.7 million refinancing loan for a nine-property multifamily and retail portfolio in New York City. The portfolio consists of 122 residential units and 14 retail units. Gerald Kray, Jake Roberts and Anita Paryani arranged the financing based on a 10-year term and a 30-year amortization schedule through a regional bank. The loan is fixed at 5.5 percent and features a 70 percent loan-to-value ratio. The borrower is a family that wishes to remain anonymous.

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