Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $7.9 million in financing for a 928-unit, 122,620-square-foot self-storage property located at 1861 Dixie Highway in Hamilton, Ohio.
Doug Brooks, managing director in MMCC’s Columbus office, secured the financing with a national bank on behalf of a private client.
“This was a cash-out transaction for a repeat client,” said Brooks. “The process unfolded smoothly, and we were pleased to support the client with a full-term, interest-only structure that met their goals.”
Terms of the 5-year, non-recourse loan include a 6.63% interest rate with a 30-year amortization period and a 65% loan-to-value.
The property is tenanted by Secure EZ Storage and offers both self-storage units as well as RV storage units. It is located less than 30 miles from Cincinnati via Interstate 75.
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. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2024, MMCC closed 1,249 transactions totaling $9.1 billion.
To learn more, please visit: marcusmillichap.com/financing.
