Marcus & Millichap Capital Corporation Arranges Financing for Purchase of Dollar General in Nichols, NY

Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has announced the closing of an acquisition loan for the purchase of a net-leased Dollar General store located in Nichols, NY. The loan was structured at 55% leverage, with a fixed interest rate of 2.76% on a five-year term amortized over twenty-five years.

“MMCC was able to source, structure and close the out-of-state loan for a local borrower, who required a flawless execution to meet the needs of a 1031 exchange, says Sean Beuche, Regional Manager for Marcus & Millichap in Philadelphia. MMCC, led by Philadelphia Market Director Stephen Arrivello, kept all parties engaged and even the last-minute requirement for the creation of a new LLC was handled seamlessly by the team.

“While essential retail is a favored asset class, lenders are taking more time for diligence and closing, which presented a challenge for this loan,” says Arrivello. “Through our coordination and focus on deliverables, we were able to get to the finish line with time to spare.” Marcus & Millichap agent Andrew Mallee participated in sourcing the loan opportunity.

About Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. Through its network of national, regional and local lenders, MMCC provides capital markets products for a wide variety of investment properties, including apartments, shopping centers, office buildings, industrial facilities, single-tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities. In 2019, MMCC closed over 1,900 commercial real estate financing transactions totaling $7.1 billion. To learn more, please visit: