MMCC, a Marcus & Millichap Capital Corporation, arranged $10.63 million in financing for the acquisition of six multifamily properties on Chicago’s South Side. Located in the Beverly and Ashburn neighborhoods, these assets total 118 units. Senior Managing Director Dean Giannakopoulos from MMCC’s Chicago office secured this loan with 24 months plus extension options, full-term interest only and a 75% LTC ratio.
Giannakopoulos commented: “In spite of challenging market conditions we were able to secure our client attractive short-term fixed rate financing that enabled their value-add investment strategy.”
