Marcus & Millichap Capital Secures $4.58M Loan For Retail Property Acquisition In Fremont

Marcus & Millichap Capital Corporation (MMCC) secured a $4.58 million acquisition loan for the purchase of a retail property in Fremont, California. The property, located at 39401 Fremont Boulevard, houses Red Lobster and is situated in the Fremont market.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $4,582,500
• Loan Type: Acquisition Loan
• Loan Terms: The 10-year loan includes a 5-year Constant Maturity Treasury (CMT) rate with a spread of 2.5% and a 5.55% interest rate. The loan is followed by a 30-year amortization period and has a loan-to-value (LTV) ratio of 65%.

Ron Balys, representing Marcus & Millichap Capital Corporation, served as the broker for this transaction. The loan features favorable terms, offering a 5-year CMT rate with a spread of 2.5% and a 5.55% interest rate. The loan is structured with a 30-year amortization period and a loan-to-value (LTV) ratio of 65%. This acquisition loan facilitated the purchase of the retail property in Fremont.