Marcus & Millichap Capital Corporation (MMCC) has arranged a $1.55 million cash-out refinance of a 26-unit multifamily property in Kelso, WA and a $2.18 million acquisition loan for a 24-unit apartment complex in Longview, WA (pictured). The two loans were arranged by Tammy Linden, First Vice President, Capital Markets in the MMCC Seattle office.

“Both deals were arranged for a private investor in the Longview/Kelso metropolitan area with a regional credit union,” said Linden. “The interest rate for both loans were secured at the time of origination for 90 days without a rate lock deposit or fee. This 5-year fixed rate financing provided the investor with flexible prepayment options.”

The refinance was for a 20,000-square foot property consisting of 13 duplex structures. The acquisition financing was for a 20,400-square-foot complex consisting of four two-story buildings. The Longview/Kelso area is located in the southwestern part of Washington, about 50 miles north of Portland, OR.