GREENSBORO, N.C – Marcus & Millichap Capital Corporation (MMCC) has arranged a $3,304,000 loan for the acquisition of a 159-unit garden-style multifamily asset in Greensboro. Tim Kinney, a senior director in the firm’s Atlanta office, arranged the loan.
“This transaction demonstrates the strength of the entire Marcus & Millichap platform,” says Kinney. “MMCC worked closely with agents representing both the seller and buyer. We shared information throughout the underwriting and closing processes. It was a true team effort,” adds Kinney
The loan is a 10-year fixed-rate loan with an 80 percent loan to value. The interest rate is 5.32 percent and the amortization is 30 years.
Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation, (925) 953-1716
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