Updated Nov 27, 2024
Marcus & Millichap Capital Corp Provides $3.4M Acquisition Loan For Wilton, CT Office & Retail Property
74 Old Ridgefield Road, Wilton, Connecticut 06897, United States
$3,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 16, 2022
About this deal
AI
The acquisition loan for the property located at 74 Old Ridgefield Rd in Wilton, CT has been completed. The loan, provided by Marcus & Millichap Capital Corp, was for a total amount of $3,400,000. The property encompasses both office and retail spaces.
Summary of transaction details
- Property Type: Office & Retail
- Loan Amount: $3,400,000
- Loan Type: Acquisition Loan
- Lender: Marcus & Millichap Capital Corp
- Market: Wilton, CT
- Address: 74 Old Ridgefield Rd
This transaction involved Marcus & Millichap Capital Corp as the lender. They provided the acquisition loan to facilitate the purchase of the property at 74 Old Ridgefield Rd. This deal highlights the collaborative effort between the borrower and lender to secure funding for the acquisition of this mixed-use asset.
Players
Wilton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93