Marcus & Millichap Capital Corporation Secures $6M Refinance Loan For Boca Raton Performing Arts Theatre

Marcus & Millichap Capital Corporation arranged a $6 million loan for the refinancing of a Boca Raton performing arts theatre located at 7901 North Federal Highway. The two-story theater, constructed in 2013, was secured by Steve Goldwyn, David Purisch, and Marc Strauss of MMCC's Fort Lauderdale office. The loan terms include a 10-year duration with one year of interest-only followed by 25 years of amortization. With an LTV of 65%, this refinancing deal provides the necessary funds for the theater's ongoing operations and maintenance.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Terms: 10-year loan include one year of interest only followed by 25-years amortization and an LTV of 65%
• Brokers: David Purisch & Steve Goldwyn - Marcus & Millichap Capital Corporation

This refinancing deal was facilitated by Steve Goldwyn, David Purisch, and Marc Strauss from MMCC's Fort Lauderdale office. Their expertise in commercial loans and extensive network of lenders allowed them to secure the $6 million loan for the Boca Raton performing arts theatre. By leveraging their industry knowledge and relationships, they provided the necessary financial solution to support the continued success of the theater.