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MMCC Arranges Financing for Whittier Multifamily
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MMCC Arranges Financing for Whittier Multifamily
Marcus & Millichap Capital Corporation (MMCC) arranged $6,585,000 in financing for Kona Palms Apartments, a 37-unit multifamily property located at 14119 Mulberry St. in Whittier. Michael Derk, executive managing director in MMCC’s Nashville office, secured the financing with a national bank on behalf of a private client. Terms of the financing include a three-year interest-only loan term, a 5.65% interest rate followed by a 30-year amortization…
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