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MMCC Secures Financing for El Cajon Multifamily

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,960,000 in financing for Penny Lane apartments, a 14-unit m

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Summary

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,960,000 in financing for Penny Lane apartments, a 14-unit multifamily property located at 1170 Sumner Ave.

in El Cajon.

Kevin Elliott, senior director in MMCC’s Orange County office, secured a 30-year, fully amortized loan at 65% loan-to-value with a national...

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