FINANCED
Marcus & Millichap Capital Corporation Facilitates $3.3M Acquisition Loan For Office Property In New London, CT
400 Bayonet Street
Office
35,756 SF
35,756 SF
Financed 1 year ago
Summary
Loan
CONNECTICUT
Office
35,756 sqft
The property involved in this transaction is an office building located at 400 Bayonet Street in New London, CT. The property has a total square footage of 35,756. The transaction took place on September 26, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,300,000
- Loan Type: Acquisition loan
- Loan Terms: The 10-year fixed loan has a 4.75 percent interest rate, 30-year amortization, and a 75% LTV.
The broker involved in this transaction is Robert Damigella from Marcus & Millichap Capital Corporation. He represented the buyer in securing a $3,300,000 acquisition loan for the office property. The loan has a 10-year fixed term with a 4.75 percent interest rate and a 30-year amortization period. The loan-to-value ratio is 75%.
Players
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2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Robert Damigella
DATE: 09/26/2022
ADDRESS: 400 Bayonet Street
MARKET: New London, CT
ASSET TYPE: Office ~ SF: 35,756
BROKER: Robert Damigella (@RobertDamigella) (@RobertDamigell) - Marcus & Millichap Capital Corporation
LOAN AMOUNT: $3,300,000
LOAN TYPE: Acquisition loan
LOAN TERMS: The 10-year fixed loan has a 4.75 percent interest rate, 30-year amortization and a 75% LTV.View on map
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Address400 Bayonet Street
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