Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3.5 million in financing for the acquisition of Clinton Plaza, a retail 97,000 square-foot shopping center located at 200 Clinton Boulevard in Clinton, Mississippi.
David Johnson, managing director in MMCC’s Atlanta office secured the financing with CRE Bridge Equity, a direct lender specializing in commercial bridge loans, on behalf of a private client.
“This project was challenged by the untimely bankruptcy of the anchor tenant and the expiring exchange for the borrower,” said Johnson.“We were fortunate to find a lender that could quickly understand the merits of the deal and move to closing in a timely manner.”
Anchored by Big Lots, the property also features major tenants such as a Family Dollar and Beauty Zone.
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.
