Summary:
- Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,685,000 in financing for the acquisition of Beacon Commons, a 48-unit multifamily property leased by Beacon College, a private four-year college.
- Garrett Fierstein, senior director in MMCC’s Orlando office, secured the financing with a national credit union on behalf of a private client. The loan features a 5-year term at 67% loan-to-cost and 30-year amortization period.
- Located at 600 West Oak Terrace Drive, the property features a mix of one- and two-bedroom units and features amenities including on-site laundry, parking, storage spaces and a courtyard with a firepit.
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