Updated Dec 2, 2025
Marcus & Millichap Capital Corporation Arranges $38 Million Loan For Multifamily Acquisition In Detroit
14075 Riverview Street
$38,000,000
Units
484
Asset Type
MultiFamily
Closing
Dec 1, 2025
About this deal
AI
The transaction involves the acquisition of Infinity Park, a multifamily property located at 14075 Riverview Street in Detroit, MI. The asset comprises 484 units and has a loan amount of $38,000,000 for its acquisition. The financing includes terms of a non-recourse, 5-year loan at 70% LTV, with a 5.9% interest rate and a 30-year amortization period.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,000,000
- Address: 14075 Riverview Street
- Market: Detroit, MI
- Units: 484
- Loan Type: Acquisition
- Loan Terms: non-recourse, 5-year loan at 70% LTV, 5.9% interest rate, 30-year amortization
Kevin Elliott from Marcus & Millichap Capital Corporation played a crucial role in arranging the financing for this acquisition, highlighting the involvement of key brokerage expertise in the transaction.
Players
Detroit MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93