Robert Bhat Of Marcus & Millichap Arranges $5.005M Loan For Multifamily Property In Methuen

A 30-unit multifamily property located at 11 Ashton Place, Methuen, Massachusetts, was recently renovated and rebranded as Arrowpoint at Ashton Place. The transaction involved a loan amounting to $5,005,000 to facilitate the financing of the asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,005,000
• Address: 11 Ashton Place
• Market: Methuen, MA
• Broker: Robert Bhat - Marcus & Millichap

Robert Bhat, Senior Managing Director at Marcus & Millichap, successfully secured financing for a private client, emphasizing the property’s location and recent upgrades as determinants for favorable loan terms.