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Marcus & Millichap Capital Corporation has arranged $3.25 million for the refinancing of The Pines and Monvil Apartments

Marcus & Millichap Capital Arranges $3.25M Multifamily Palm Beach Refi

Marcus & Millichap Capital Corporation has arranged $3.25 million for the refinancing of The Pines located at 4605 Georgia Pines Drive in West Palm Beach, FL and Monvil Apartments located at 3864 Coconut Road in Palm Springs, FL.

Steve Goldwyn and David Purisch, both first vice presidents, capital markets, based out of MMCC’s Ft. Lauderdale office secured the financing.

“Despite the increasingly difficult property insurance environment in South Florida, we were able to identify a life insurance company that did not require windstorm coverage and had no deposit covenants,” noted Goldwyn. “The lender ultimately delivered a long term, fixed rate loan with a very attractive interest rate. This is another example of the power of the MMCC platform to deliver above average results on behalf of our clients.” 

Terms of the 25-year loan include a 5.75-percent  interest rate with a 25-year amortization.


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Marcus & Millichap

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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