Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $4,000,000 loan for the acquisition of a multifamily property located at 2600-2638 Lunar Lane in Sacramento, California.
Chad O’Connor, Executive Managing Director, Capital Markets, based out of MMCC’s San Diego office secured the financing.
“The property is located minutes from the center city in a desirable residential area. We were able to secure attractive financing for the client including a 5-year fixed term with an interest rate of 5.14% and an LTV of 68%, and 3 years I/O,” said O’Connor.
Built in 1963, the 8-unit property sits in a residential hub, adjacent to several other complexes, retail properties, restaurants and a large park, and is just minutes from Downtown Sacramento and Sacramento International Airport.
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 2022, MMCC closed 2,143 transactions totaling $12.82 billion. To learn more, please visit: marcusmillichap.com/financing.
