Marcus & Millichap Selected as Secured Lending Correspondent
Marcus & Millichap Capital Corporation has been selected as an insured lender correspondent by the Canada Mortgage and Housing Corporation.
MMCC’s was selected under the CMHC’s Canadian Apartment Insured Lending program. A subsidiary of Marcus & Millichap, MMCC provides commercial real estate capital markets financing solutions.
“MMCC’s designation as a lender correspondent marks a significant milestone in the company’s commitment to serving the Canadian multi-family market,” said the company in a news release.
The U.S.-based company, which has its Canadian headquarters in Toronto, said it has also partnered with an unidentified Canadian private-equity real estate investment firm. The partnership will enable MMCC to streamline the certificate-of-insurance application process, according to the company.
MMCC offerings include debt, mezzanine financing, preferred and joint-venture equity, sponsor equity, loans and due diligence services.
- ◦Sale/Acquisition
- ◦Development