Marcus & Millichap Capital Corporation Arranges $4M Loan For Multifamily Property In Norwich, CT

206 Washington Street, located in Norwich, CT, has recently undergone a closed transaction in the multifamily asset type market. The property, consisting of 59 units, has been a part of a deal facilitated by Robert Damigella from Marcus & Millichap Capital Corporation. The transaction involved a loan amount of $4,005,000, with loan terms consisting of a 10-year loan, fixed interest rate of 3.99% for 7 years, and a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,005,000
• Address: 206 Washington Street, Norwich, CT
• Market: Norwich, CT
• Loan Terms: 10-year loan, fixed interest rate of 3.99% for 7 years, 30-year amortization schedule
• Units: 59

The broker involved in the transaction was Robert Damigella from Marcus & Millichap Capital Corporation. Their role was to represent the parties involved in the deal, ensuring a successful outcome.