Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $3.7 million construction loan to build a 20,000-square-foot shopping center in Lakewood Ranch, Florida.
“The property is located in a major submarket that has experienced significant growth over the past three to four years, and has been recognized as the nation’s fourth-best-selling master-planned community,” says Robert Bhat, director. “The developer has a great deal of experience working in this submarket, having recently built and stabilized another shopping center nearby, the Shoppes at Lakewood Ranch. On the strength of the location and borrower, we sourced a lender that provided 75 percent loan-to-value financing.”
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 apartments, shopping centers, office buildings, industrial facilities, single-tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities. In 2016, MMCC closed over 1,650 commercial real estate financing transactions. To learn more, please visit: www.mmCapCorp.com