Marcus & Millichap Capital Refinances Retail Property In Norwalk For $9.31M

A retail property located at 6 Willard Road in Norwalk, CT, was recently involved in a refinancing transaction. The loan for this property was provided by Marcus & Millichap Capital Corporation, with Chris Marks acting as the lender's representative. The total loan amount was $9,310,000, and it was obtained for the purpose of refinancing the property's existing debt.

Summary of transaction details

• Property Type: Retail
• Loan Amount: $9,310,000
• Loan Type: Refinancing
• Loan Terms: interest rate of 3.07 percent with an LTV of 70 percent, a term of 10 years, and an amortization of 25 years
• Lender: Marcus & Millichap Capital Corporation - Chris Marks

Chris Marks, representing Marcus & Millichap Capital Corporation, played a crucial role in facilitating this refinancing deal for the retail property located at 6 Willard Road in Norwalk, CT. Their expertise and negotiation skills contributed to the successful completion of the transaction.