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

54 Cousineau Drive
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This Retail property located in MA received a loan of $7,050,000 almost 3 years ago. The brokers of the deal were Daniel Lisser and Rick Lechtman

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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Deals
  • Location
    54 Cousineau Drive, Swansea, MA, USA54 Cousineau Drive, Swansea, MA, USA
  • Loan Value
    $7,050,000$7,050,000
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Rick Lechtman

Rick Lechtman

Deals2
Financed$7.1M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

LOAN IMAGE: Daniel Lisser & Rick Lechtman DATE: 04/06/2021 ADDRESS: 54 Cousineau Drive MARKET: Swansea, MA ASSET TYPE: Retail BROKERS: Rick Lechtman & Daniel Lisser - Marcus & Millichap Capital Corporation LOAN AMOUNT: $7,050,000 LOAN TERMS: long term fixed-rate loan, one year of interest-only payments, 25-year amortization schedule

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54 Cousineau Drive

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