Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $1.5 million in acquisition financing for a 10,113 square foot, triple-net lease CVS location at 3499 Clime Road in Columbus, Ohio. The financing was exclusively arranged by MMCC’s Robert Noeldechen, vice president in Marcus and Millichap’s New Haven office.
“There continues to be tremendous lender appetite for well-located triple net assets with strong tenancy” said Noeldechen.
The loan is structured with a 10-year term, an LTV of 75 percent and an interest rate of 3.42 percent.
About Marcus & Millichap Capital Corporation
Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales, and consultative and due diligence services. In 2020, MMCC closed 1,943 transactions totaling $7.67 billion.
To learn more, please visit: www.marcusmillichap.com/financing.
