Marcus & Millichap Capital Corp. Arranges a $ 20.2 Million Loan for the Construction of Seniors’ Housing in Iowa

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The Meadowview of Davenport will include separate units for self-living, nursing and memory care units.

DAVENPORT, Iowa – Marcus & Millichap Capital Corp. (MMCC) arranged a $ 20.2 million loan for the development of Meadowview of Davenport. The 106 retirement homes in Davenport will include 43 self-contained homes, 35 retirement homes and 28 memory care units. Frank Montalto and Dean Giannakopoulos of MMCC arranged a five-year loan with an interest rate of 3.75%. The undisclosed borrower has experience in developing similar projects, Montalto said.

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