MMCC Arranges $7.6M in Financing for Retail Center in Suburban Indianapolis

MMCC Arranges $7.6 Million in Financing for Retail Center in Suburban Indianapolis

Franklin, Ind. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center located in Franklin, about 20 miles south of… The post MMCC Arranges $7.6 Million in Financing for Retail Center in Suburban Indianapolis appeared first on Shopping Center Business.

MMCC Arranges $7.6M in Financing for Retail Center in Suburban Indianapolis

FRANKLIN, IND. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center at 1010 N. Morton St. in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchor…