Marcus & Millichap Capital Corporation Arranges $4M Loan For Multifamily Property In Norwich, CT
206 Washington Street
MultiFamily
700 SF
700 SF
Financed 1 year ago
Summary
206 Washington Street, located in Norwich, CT, has recently undergone a closed transaction in the multifamily asset type market. The property, consisting of 59 units, has been a part of a deal facilitated by Robert Damigella from Marcus & Millichap Capital Corporation. The transaction involved a loan amount of $4,005,000, with loan terms consisting of a 10-year loan, fixed interest rate of 3.99% for 7 years, and a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,005,000
- Address: 206 Washington Street, Norwich, CT
- Market: Norwich, CT
- Loan Terms: 10-year loan, fixed interest rate of 3.99% for 7 years, 30-year amortization schedule
- Units: 59
The broker involved in the transaction was Robert Damigella from Marcus & Millichap Capital Corporation. Their role was to represent the parties involved in the deal, ensuring a successful outcome.
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