NEW YORK CITY AND VOORHEES, N.J. — Marcus & Millichap Capital Corp. (MMCC) has arranged $5.3 million in financing for the acquisition of two properties, an 8,992-square-foot, net-leased property in the Bronx and a 16,019-square-foot medical office building in Voorhees. Christopher Marks, an originator in MMCC’s Manhattan office, arranged both loans. Scott Plasky and Steve Siegel in Marcus & Millichap’s Manhattan office represented the borrower in the purchase of the 8,992-square-foot Bronx property. Russ Wachtler and Glen Kunofsky, also in the firm’s Manhattan office, represented the buyer in the medical office acquisition. The Bronx property closed with a 10-year, fixed-rate loan that amortizes over 30 years at 3.9 percent with a 70 percent loan-to-value ratio. The medical office closed with a seven-year, fixed-rate loan that amortizes over 25 years at 4.5 percent with a 72 percent loan-to-value ratio.
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