MMCC ARRANGES $16.5M LOAN FOR NYC MULTIFAMILY REFINANCING

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NEW YORK CITY — Marcus & Millichap Capital Corp. (MMCC) has arranged a $16.5 million loan for the refinancing of a 46-unit, mid-rise multifamily property in New York City. The seven-year loan carries a fixed interest rate of 3.7 percent and includes a 25-year amortization schedule and a 70 percent loan-to-value ratio. Christopher Marks and Steven Rock of MMCC arranged the loan. John Krueger, also of the firm, represented the borrower.

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