Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $3.2 million nonrecourse loan with cash out to refinance Big Al’s Warehouse, a 79,500-square-foot small bay industrial warehouse located along South Dixie Highway in Miami, Florida.

“The market for small bay industrial remains strong with room for growth,” says Robert Bhat, a director in MMCC’s Miami office. “The owner of this property is a very experienced Miami-based small bay industrial owner/operator and that made the nonrecourse component easier to obtain. MMCC was able to find a lender to provide 65 percent loan-to-value, with a fixed rate under 4.19 percent.”

 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. Through its network of national, regional and local lenders, MMCC provides capital markets products for a wide variety of investment properties, including apartments, shopping centers, office buildings, industrial facilities, single-tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities. In 2016, MMCC closed over 1,650 commercial real estate financing transactions. To learn more, please visit: www.mmCapCorp.com