Hubbard Oaks Acquisition | Real Estate Services Deal in MI

Marcus & Millichap Capital Corporation has completed the acquisition financing of Hubbard Oaks, a real estate services other business in Michigan, for $3.3M. Hubbard Oaks is a 60-unit multifamily property in Mount Clemens, Michigan, with one- and two-bedroom units and amenities including laundry facilities and on-site management and maintenance. The real estate services M&A financing supports MI acquisitions by providing a 5-year fixed-rate loan from a local bank for the Hubbard Oaks acquisition. The other acquisition deal was arranged by MMCC’s Detroit office for a private client, targeting long-term debt certainty for a well-located asset about 25 miles north of Detroit.