Marcus & Millichap Capital Corporation Secures $7.05M Loan For Retail Property On Cousineau Drive, Swansea, MA
54 Cousineau Drive
152,620 SF
Summary
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.
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