News: Retail
Posted: October 25, 2024
Marcus & Millichap Capital Corp. arranges $5.41m financing of retail property
North Attleboro, MA Marcus & Millichap Capital Corp. (MMCC), a provider of commercial real estate capital markets financing solutions, arranged $5,414,500 for the refinancing of a retail property tenanted by CVS.
Chris Marks and Steve Filippo in MMCC’s Manhattan office secured the financing with a national bank on behalf of a northeast-based investment company.
“We were able to secure well-below-market rates for one of our repeat clients,” said Marks. “The market continues to have significant interest in well-located retail assets.”
Terms of the 10 year loan include a 5.29% fixed interest rate with 30-years amortization and a loan-to-value of 65%.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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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