Garrett Fierstein Of Marcus & Millichap Arranges $8.19 Million Loan For Williamsburg Marketcenter

The transaction involves a retail asset located at 6610 Mooretown Road, Williamsburg, VA, with a total size of 176,000 square feet. The financing secured for this property amounts to $8,190,000, structured as a 10-year loan that features a 6.25% interest rate and a 25-year amortization schedule, representing a loan-to-value ratio of 75%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,190,000
• Loan Terms: 10-year loan
• Address: 6610 Mooretown Road
• Market: Williamsburg, VA
• Broker: Garrett Fierstein - Marcus & Millichap

Marcus & Millichap Capital Corporation was responsible for arranging the financing for the property, with Garrett Fierstein securing the loan for the transaction. The deal illustrates the continued activity in the retail sector within the Williamsburg market, highlighting key players and their involvement in facilitating significant financing arrangements.