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December 16, 2010

Marcus & Millichap

Marcus & Millichap Capital Corp. arranged a $3.7 million refinancing loan for a 54-unit multifamily property in Edmonds. Glenn Gioseffi, a director in the Seattle office, arranged the loan. The transaction was arranged to buy out the note holder at a substantial discount, said Gioseffi. The loan is for five years, amortized over 30 years, with a fixed interest rate of about 6 percent. The loan-to-value is 60 percent.




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