News: Connecticut
Posted: April 16, 2021
Marcus & Millichap Capital arranges $4 million refinancing of 59-unit multifamily property
Norwich, CT Marcus & Millichap Capital Corp. (MMCC) arranged a $4,005,000 refinancing loan for a 59-unit brick multifamily property at 206 Washington St. Robert Damigella of MMCC arranged the 10-year loan, which features a fixed interest rate of 3.99% for seven years and a 30-year amortization schedule.
Damigella said, “We are delighted to represent the owner in financing this property. Multiple offers for financing were sourced from various lenders, providing the borrower with a robust sampling of the market and current offers for financing to select from.”
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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