Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $3.5 million loan to refinance two shopping centers totaling 38,000 SF located in New Orleans, and provide cash-out to the borrower.  

“The New Orleans retail market has seen significant growth in recent years” says Robert Bhat, a director in MMCC’s Miami office. “We sourced a lender that provided 75 percent loan-to-value and a 30-year amortization. The borrower is an experienced developer with intimate knowledge of the market, which helped the bank get comfortable with providing cash out.”

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