Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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We're thrilled to announce our latest closing in 2024! We have refinanced a loan for a veterinary clinic in Phoenix, Arizona. Our clients were paying a 12% interest rate on a bridge loan they took out for property acquisition. Once the renovations were completed, we were contracted to secure permanent financing.By leveraging competitive bids among lenders, we secured an 85% LTV loan with 25-year amortization, and a 3-year declining prepayment penalty. This refinance allowed our client to avoid a cash in scenario and lower their interest rate by 4.25%. We even obtained an additional $300,000 in proceeds to further develop the clinic. If you're approaching a loan maturity, please reach out to my partner Tyler Waller and I. We have a proven track record of successful execution in this challenging capital environment.
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Joe Affrunti
VP - Business Development | Kensington Vanguard National Title | PGA Tour | University of Illinois |
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Great work here Brad!
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Just Financed! We have successfully refinanced a 9-unit apartment complex in Phoenix, Arizona. This transaction was for a repeat client who had an upcoming loan maturity. We were able to get this transaction closed quickly with a local credit union. Congratulations to all involved! Tyler Waller
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Just Funded! We have secured a SBA 7(a) loan at 85% LTV with an interest rate 75 bps below the Wall Street Journal Prime. This space will be the home for our clients’ brand-new company. We also facilitated access to a $50,000 Line of Credit to cover any unforeseen expenses. My Partner Tyler Waller and I are committed to providing small business owners access to affordable capital.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Another loan closed! We've provided acquisition financing for a multifamily property in Phoenix, Arizona. Our clients were seeking a loan with the lowest possible interest rate and a lengthy interest-only period. We secured a 7-year loan with a 6.18% interest rate, featuring 4 years of interest-only payments, 30-year amortization, and a declining prepayment penalty. If you're looking to acquire a new commercial property, contact my partner Tyler Waller and me!
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Excited to share our latest success in 2024! We've successfully refinanced a loan for a retail property portfolio in Sacramento, California. Our clients were facing a steep increase in their interest rate to 9.5% after their original note switched to an adjustable rate earlier this year. Initially, they were offered a loan modification that reduced the rate to 6.25% with a 25-year amortization schedule.However, by promoting competitive bids among lenders, we managed to secure even better terms for our clients. The final terms included a 6.07% interest rate, 30-year amortization, no lender origination fees, and a three-year declining prepayment penalty.If you're approaching a loan maturity, consult with my partner Tyler Waller and I before you contact your current lender. We have a consistent track record of securing more advantageous terms compared to standard loan extensions or modifications.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Just Funded! We're thrilled to announce that we've successfully secured a bridge loan for our client, aimed at further stabilizing their apartment complex. Impressively, we closed this transaction in just 10 days, effectively preventing our client's loan from maturing. The terms of the deal include an 18-month term with a fixed interest rate, full-term interest-only payments, and an option for a 6-month extension. Facing an impending loan maturity? My partner, Tyler Waller, and I specialize in securing competitive loan terms swiftly, even in challenging financing climates.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Another funding in the books! Our clients contacted us to refinance their 4-unit property located in Phoenix, Arizona. Despite this property not being fully occupied, we secured an 80% LTV loan with a limited prepayment penalty and competitive interest rate. My partner Tyler Waller and I are experts at finding creative solutions to get deals done in this challenging financing environment.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Excited to announce another closing! We have secured a SBA 7(a) loan at 85% LTV with an interest rate 70 bps below the Wall Street Journal Prime. Our clients purchased this space to provide storage for their vehicles and excess product. Prior to closing this loan, we facilitated short term financing to ensure the original close of escrow deadline was met. My partner Tyler Waller and I continue to close transactions in a difficult lending environment. Call us for all your financing needs.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Excited to announce another funding! We have orchestrated a SBA 7(a) loan at 85% LTC that boasts an interest rate 45 bps below the Wall Street Journal Prime.Our clients are buzzing with excitement to completely remodel this space, and transition their business to a spot that promises significantly enhanced traffic visibility. We also provided access to an additional $50,000 Line of Credit to cover any unforeseen expenses during renovations. My partner Tyler Waller and I are committed to provide small business owners access to affordable capital to help execute their business plan.
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Bradley Cohen
Associate Director at Marcus & Millichap Capital Corporation (MMCC)
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Just Funded! We have successfully refinanced a 6 home SFR portfolio in Phoenix, Arizona. The transaction was for a repeat client and closed on time. If you have any financing needs, call us! We are executing loans for all asset classes in a difficult lending environment.Tyler Waller
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