News: Brokerage

Marks of Marcus & Millichap Capital Corp. closes $29.625 million acquisition loan; Class A office building - International Corporate Center

Marcus & Millichap Capital Corp. (MMCC), one of the leading providers of commercial real estate financing and capital markets expertise, has arranged a $29.625 million acquisition loan for International Corporate Center, a class A office building. Located at 555 Theodore Fremd Ave., the 168,499 s/f property was developed in 1990. Christopher Marks, an originator in the Manhattan office of MMCC, arranged the financing. "Chris and his team did an excellent job assessing the client's business plan for the asset and delivering the optimal capital markets solution based on it," said John Wilcox, vice president of MMCC. The 10-year, fixed-rate CMBS loan, with five years interest-only, amortizes over 30 years at a rate of 4.32% and 75% LTV.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking