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Boston & New England  + New England  + Finance  |  November 28, 2022
Marcus & Millichap Capital Corporation has arranged a $3.6-in permanent debt financing for Chapel Street Lofts in New Haven, CT.
Lisa McDuffie
By: Lisa McDuffie

Marcus & Millichap Capital Corporation Arranges $4M for 1900-Vintage Reuse in New Haven

Marcus & Millichap Capital Corporation has arranged a $3.6-million loan for Chapel Street Lofts, a 36,000-square-foot, four-story multifamily property featuring 23 loft-style apartments located at 441 Chapel Street in New Haven, CT.

Robert Noeldechen of MMCC secured a 65% LTV loan on a 10-year term and a 30-year amortization plus 24-month interest-only at 6% interest rate.

The 1900-constructed Chapel Street Lofts is an adaptive re-use property that has been converted to multifamily; the property was originally constructed as a light industrial building. The loft-style apartments feature hardwood floors, exposed brick, and individual laundry. The property is located within walking distance of Wooster Square Park as well as several dining and entertainment options.

Read More News Stories About: Marcus & Millichap
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Marcus & Millichap Capital Corporation

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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