Marcus & Millichap Capital Corp Secures $2.26M Loan For 19-Unit Multifamily Property In Hollywood

Marcus & Millichap Capital Corporation (MMCC) has secured $2,264,000 in financing for Polk Place Apartments, a 19-unit multifamily property located at 2418 Polk Street in Hollywood, Florida. The property is in the Hollywood market and features 19 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,264,000
• Units: 19

The financing for Polk Place Apartments was arranged by Steven Goldwyn and David Purisch of MMCC's Fort Lauderdale office. The loan terms include a 5-year financing period with a 6.05% interest rate and a 30-year amortization period. There will be 12 months of interest-only payments before the principal payments begin.