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Marcus & Millichap Facilitates $9.1M Refinancing For Cranston Multifamily Properties

125 Midway Road & 45 Poplar Drive
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This MultiFamily property located in RI received a loan of $9,100,000 4 months ago. The broker of the deal was Robert Damigella

Marcus & Millichap Capital Corporation (MMCC) facilitated a $9.1 million refinancing for two adjacent multifamily properties, Midway & Pop Lofts, located at 125 Midway Road and 45 Poplar Drive in Cranston, Rhode Island. These multifamily properties are situated in a prime location within the Cranston market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,100,000
  • Address: 125 Midway Road & 45 Poplar Drive, Cranston, RI
  • Market: Cranston, RI

Leading the transaction was Robert Damigella of Marcus & Millichap. As the broker from Marcus & Millichap, Damigella played a crucial role in facilitating the $9.1 million refinancing for the Midway & Pop Lofts properties. Through his expertise and connections, Damigella ensured a successful loan negotiation and acquisition for the property owners.

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Deals
  • Location
    125 Midway Road125 Midway Road
  • Loan Value
    $9,100,000$9,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Robert Damigella

Robert Damigella

Deals10
Financed$66.9M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6865
Volume$64B

Deal Summary

LOAN IMAGE: Robert Damigella DATE: 10/18/2023 ADDRESS: 125 Midway Road & 45 Poplar Drive MARKET: Cranston, RI ASSET TYPE: Multifamily BROKER: Robert Damigella (@RobertDamigella) - Marcus & Millichap LOAN AMOUNT: $9,100,000 LOAN TYPE: Refinance LOAN TERMS: Five-year loan includes a 6.35% interest rate and 65% loan-to-value with 30-year amortization NOTE: Marcus & Millichap Capital Corporation (MMCC) facilitated a $9.1 million refinancing for two adjacent multifamily properties, Midway & Pop Lofts, located at 125 Midway Road and 45 Poplar Drive in Cranston, Rhode Island.

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125 Midway Road & 45 Poplar Drive

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