Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5 million in financing for the purchase of a 112,700 square foot industrial property located at 14830 Talcott Street in Houston, Texas.
Adam Pike, associate director in MMCC’s Houston office secured the financing with a local bank on behalf of a multinational company operating in foreign trade and production of flour and protein concentrates.
“Notwithstanding current market conditions, we were able to secure favorable terms for our internationally based client to close on a 100,000+ square-foot owner-occupied industrial property less than 3.5 miles from the Port of Houston,” said Pike.
Terms of the 20-year loan include 8% interest rate with 20-years amortization.
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 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: marcusmillichap.com/financing.
