Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3.3 million for the refinancing of Durango Square, a 12-unit retail strip center located at 7785 North Durango Drive in Las Vegas, Nevada.
Steven Rock, managing director in MMCC’s Westchester office, secured the financing with a credit union on behalf of a private client.
“We were able to secure attractive loan terms and quick execution with a strong experienced sponsor,” said Rock.
Terms of the 7-year loan include a 6.5% interest rate with a 25-year amortization period.
The 16,100 square foot center includes major tenants 7-Eleven, Dairy Queen and Supercuts.
