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Stock impact report

Marcus & Millichap’s IPA Capital Markets Arranges $48.4 Million Refinance of Industrial Property in Oklahoma City

Marcus & Millichap, Inc. (MMI) 
Last marcus & millichap, inc. earnings: 2/20 04:04 pm Check Earnings Report
US:NYSE Investor Relations: marcus.com/us/en
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has arranged $48.4 million in financing for the refinance of Britton Commerce Center, a Class-A industrial park in Oklahoma City, Oklahoma, on behalf of the client, Oklahoma City-based Gardner Tanenbaum.Sunny Sajnani, executive managing director, and Travis Headapohl, associate director, both based in the firm’s Dallas office, secured and structured a 5-year credit union loan with terms including a fixed rate of 5.76%, 30-year amortization, and 24 months of interest-only payments. Totaling 560,000 square feet and fully leased to national tenants, the five-building Class A industrial park is located near the intersection of Interstate 35 and Interstate 44, which connects Oklahoma City to Tulsa.“Our relationship with IPA Capital Markets is a true partnership,” said Todd McNeill, CEO at Gardner Tanenbaum. “Sunn Show less Read more
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