News: Financial Digest
Posted: December 14, 2018
Noeldechen of Marcus & Millichap Capital Corp. leads $3.48 million refinancing for three multifamily properties
Bridgeport, CT Marcus & Millichap Capital Corp. (MMCC) has arranged a total of $3.48 million in refinancing for three multifamily properties, totaling 62 units. Robert Noeldechen of Marcus & Millichap’s New Haven office, led the refinance.
The properties include the following:
• Park Ave. Apartments, 858-860 & 866-872 Park Ave.;
• Marble Edge Apartments, 2646 Fairfield Ave.; and
• Main & Federal Apartments, 2445 Main St.
“The client was pleased with our work on past transactions as we do what we say and deliver as we promise.” said Noeldechen. “We were able to present a very clear picture to the lender – good information led to a favorable outcome. In this case we were able to deliver an interest rate that was over 10 BPS lower than at application.”
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