Marcus & Millichap Capital Corp. Brokers $2.6 Million Acquisition Loan for 34-Unit Property in Aurora, Illinois

by Channing Hamilton

AURORA, ILL. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $2.6 million loan for the acquisition of a 34-unit property located at 1 S. View St. in Aurora. The property offers studio, one- and two-bedroom floor plans. Michael Hughes of MMCC arranged the loan through a local credit union on behalf of the borrower, a real estate development company. The five-year loan features a 7.39 percent interest rate with a 30-year amortization schedule.

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