Marcus & Millichap Capital arranges $53 million build-to-rent refinance in Arkansas
- Marcus & Millichap unit Marcus & Millichap Capital Corporation arranged USD 53 million refinancing for The Grove build-to-rent property in Rogers, Arkansas.
- Three-year, nonrecourse loan repaid the borrower’s construction facility ahead of maturity, extending runway to stabilize rents before a sale.
- Property spans 235 Class A units built in 2024, with 94.5% occupancy at the time of financing.
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