News:
Brokerage
Posted: October 25, 2024
Marcus & Millichap Capital Corp. arranges $5.41m financing of retail property
North Attleboro, MA Marcus & Millichap Capital Corp. (MMCC), a provider of commercial real estate capital markets financing solutions, arranged $5,414,500 for the refinancing of a retail property tenanted by CVS.
Chris Marks and Steve Filippo in MMCC’s Manhattan office secured the financing with a national bank on behalf of a northeast-based investment company.
“We were able to secure well-below-market rates for one of our repeat clients,” said Marks. “The market continues to have significant interest in well-located retail assets.”
Terms of the 10 year loan include a 5.29% fixed interest rate with 30-years amortization and a loan-to-value of 65%.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
