M&M ARRANGES $6M MIXED-USE CMBS LOAN
LOS ANGELES — Marcus & Millichap Capital Corporation has arranged a $6,050,000 refinancing loan for a Los Angeles shopping center. The 10-year fixed debt includes a 30-year amortization period and was provided by a CMBS lender. In addition to retail, the property also features 85 multifamily units, which were not included in the loan. Financing was arranged by Rick Padilla, a senior director in Marcus & Millichap’s Long Beach office.