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MMCC Secures $14.5M Construction Financing for Self-Storage Project in Homestead, Florida
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MMCC Secures $14.5M Construction Financing for Self-Storage Project in Homestead, Florida
HOMESTEAD, FLA. — Marcus & Millichap Capital Corp. (MMCC) has secured $14.5 million in construction financing for the development of a 1,038-unit self-storage facility at 1995 N.E. 8th St. in Homestead, about 32 miles south of Miami. The 135,800-square-foot property will operate as an Extra Space Storage facility. Robert Bhat of MMCC’s Miami office arranged the five-year loan through a local bank on behalf of the borrower, an undisclosed self-st…
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