Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $14.6 million loan to refinance a portfolio of 21 net-leased properties located across four states.
Robert Bhat, director in MMCC’s Miami office, arranged the loan along with the portfolio’s manager, Orion Real Estate Group, which helped secure the financing and manage the closing. Orion Real Estate Group is a Miami-based real estate firm that manages over $500 million in assets and has closed more than $2.5 billion in transactions.
“The portfolio is a geographically diverse group of single-tenant net-leased restaurants with good credit,” says Bhat. “Finding a lender with the capability to finance a multi-state portfolio and provide a competitive long-term fixed rate was a challenge we resolved by analyzing the resources of a wide array of capital sources and selecting the provider best suited to meeting the borrower’s needs.”
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