Marcus & Millichap Capital Corporation Secures $7.05M Loan For Retail Property On Cousineau Drive, Swansea, MA

A retail property located at 54 Cousineau Drive in Swansea, MA has been involved in a recent closed transaction. The property, facilitated by brokers Rick Lechtman and Daniel Lisser of Marcus & Millichap Capital Corporation, has secured a loan amount of $7,050,000. The loan terms include a long-term fixed-rate loan with one year of interest-only payments and a 25-year amortization schedule.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,050,000
• Date: 04/06/2021
• Address: 54 Cousineau Drive
• Market: Swansea, MA

The loan deal for the retail property was facilitated by Rick Lechtman and Daniel Lisser, representing Marcus & Millichap Capital Corporation. The transaction is structured with a long-term fixed-rate loan, with the first year allowing interest-only payments, and will follow a 25-year amortization schedule.