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LOS ANGELES — Marcus & Millichap Capital Corporation has arranged $14,050,000 in interest-only refinancing for a three-property multifamily portfolio. The Southern California-based properties were built in 1962 and total 92 units. The loan carries a 4.225 percent interest rate and a 65 percent loan-to-value. It also offers substantial pay-off flexibility. The loan was arranged by Dan Litman of MMCC’s West Los Angeles office.