Facebook Twitter LinkedIn Google Plus RSS

Marcus & Millichap arranges $15.2M refinancing

By ,

Commercial real estate firm Marcus & Millichap, with an office in Elmwood Park, announced Friday it has arranged debt on two properties for different sponsors totaling $15.2 million.

According to the announcement, Joseph Belgiovine, an associate director in the firm's New Jersey office, arranged the retail and multifamily loans. The first transaction totaled $10.2 million for a 94,000-square-foot industrial property in Carlstadt. The 12-year loan amortizes over 20 years at 4.1 percent, with 70 percent loan-to-value. The second transaction totaled $5 million for a 108-unit garden apartment complex in Passaic. The 10-year loan amortizes over 30 years with a 65 percent loan-to-value.

More real estate news >


More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!