Marcus & Millichap secures $3.7M acquisition financing for The Potter Hotel
Marcus & Millichap Capital Corporation (MMCC), a provider of commercial real estate capital markets financing solutions, has arranged $3.7M in financing for the acquisition of The Potter Hotel in San Francisco
The 105-room property has four floors and three commercial units.
Joel Westle, managing director in MMCC’s San Francisco office secured the financing with a local mortgage fund on behalf of a private client. Terms of the one-year loan include full-term interest-only at a 9.75% rate.
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