Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $2,502,500 in financing for the acquisition of a 15-unit multifamily property located at 321 W. Estudillo Avenue in San Leandro, California.
David Campbell, senior managing director in MMCC’s Palo Alto office secured the financing with a western bank on behalf of a private client.
Terms of the 30-year loan include 3 years of interest-only at a rate of 6.15% followed by 30-years amortization, with a loan-to-value of 65%.
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.
