$34.5 Million Construction Loan Arranged by Marcus & Millichap Capital Corporation
Marcus & Millichap, Inc. (MMI)
Last marcus & millichap, inc. earnings: 2/20 04:04 pm
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Source: Business Wire
PASADENA, Calif.--(BUSINESS WIRE)--Marcus & Millichap (NYSE: MMI), financing subsidiary Marcus & Millichap Capital Corporation (MMCC), has arranged a $34.5 million construction loan for a 48-unit condominium development project in Pasadena, California.“After completing the first phase of the project, with financing from another intermediary, the developer asked us to create a more flexible and competitive financing option for the second phase,” said Stefen Chraghchian in MMCC’s Encino office. “Phase I involved converting the adjacent office tower to 57 condominium units and Phase II will add 48 units above a parking structure.” Chraghchian and Sharone Sabar, senior managing director capital markets, arranged the loan. “The structure of the deal was complex as the unsold units from Phase I were attached to the Phase II loan as collateral,” continued Chraghchian. “We negotiated a payout structure for unit sales that would pay down the loan balance over time while allowing the develo
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News
- Marcus & Millichap (MMI): Is There Value in the Current Market Environment? [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap (NYSE:MMI) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Marcus & Millichap: Cautious Optimism As Q3 2025 Gets Out Of The Red [Seeking Alpha]Seeking Alpha
- Marcus & Millichap: Not Much Value To Investors From This Cyclical Company [Seeking Alpha]Seeking Alpha
- Institutional Property Advisors Brokers $107M Sale, $71M in Financing for San Gabriel Valley Multifamily AssetBusiness Wire
MMI
Sec Filings
- 11/7/25 - Form 10-Q
- 11/7/25 - Form 8-K
- 9/12/25 - Form 4
- MMI's page on the SEC website