Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $7.46 million loan to acquire The Grove Villas, a 144-unit multifamily property located in Gainesville, Florida.

“Gainesville is a growing market that continues to show improvement year-over-year,” says Robert Bhat, the Senior Director in MMCC’s Miami office who arranged the loan. “The buyer, an experienced group of multifamily investors/managers, plans to renovate the property and expand amenities to improve rents.”

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 2017, MMCC closed over 1,700 commercial real estate financing transactions totaling $5.63 billion. To learn more, please visit: www.mmCapCorp.com