REBusinessOnline

M&M ARRANGES $7.4M CONSTRUCTION LOAN

ST. GEORGE, UTAH — Marcus & Millichap Capital Corporation has arranged a $7,451,409 construction loan and long-term commitment for an assisted living facility. This is a two-year construction loan with a 75 percent loan-to-value, long-term loan that should commence upon occupancy. The St. George area has not had a new assisted living facility open for many years, according to Jeffrey Meierhofer, an associate director in Marcus & Millichap’s Salt Lake City office, who helped arrange the financing.

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