Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $17.4 million loan for two hospitality properties in South Florida. The debt is secured by a 145-room Clarion Inn in Fort Lauderdale and the 183-room Ramada of Boca Raton. Robert Bhat, a director in MMCC’s Miami office, arranged the debt placement for both assets.

“The properties have been renovated and reflagged by an experienced hotel developer/operator,” says Bhat. “The outlook for well-located limited service hotels in these two submarkets continues to be strong and the economy statewide is on firm footing.”

The Clarion Inn is situated one mile from the Fort Lauderdale beach and a half mile from the Galleria at Fort Lauderdale shopping mall. Downtown Fort Lauderdale is within a 10-minute drive. Nearby attractions include the Classic Gateway Theatre, George English Park, Holiday Park, the War Memorial Auditorium, and the Bonnet House Museum & Gardens.

The Ramada of Boca Raton is located off Interstate 95 near downtown Boca Raton, within a few miles of Delray Beach and Deerfield Beach. Arvida Corporate Park, Spanish Park, Florida Atlantic University, Mizner Park, and the Morikami Museum and Japanese Gardens are nearby.

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 2015, MMCC closed more than 1,600 commercial real estate financing transactions. To learn more, please visit: www.mmCapCorp.com