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MMCC Arranges Acquisition Loan for El Cajon Industrial
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MMCC Arranges Acquisition Loan for El Cajon Industrial
Marcus & Millichap Capital Corporation (MMCC) arranged $12,825,000 in financing for the acquisition of a 109,367-square-foot industrial property located at 1111 Pioneer Way in El Cajon. Kevin Elliott, senior director in MMCC’s Orange County office, secured seven-year financing with a local credit union on behalf of a private client. Additional terms include a 5.54% interest rate, 30-year amortization schedule and a 65% loan-to-value. The propert…
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