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MMCC Arranges Refi on North Attleboro CVS
Marcus & Millichap Capital Corporation (MMCC) arranged $5,414,500 for the refinancing of a North Attleboro, MA retail property tenanted by CVS. Chris Marks and Steve Filippo in MMCC’s Manhattan office secured the financing with a national bank on behalf of a Northeast-based investment company.
“We were able to secure well-below-market rates for one of our repeat clients,” said Marks. “The market continues to have significant interest in well located retail assets.”
Terms of the 10-year loan include a 5.29% fixed interest rate with 30 years amortization and a loan-to-value of 65%.
- ◦Financing