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Boston & New England  + Massachusetts  + Finance  |  October 11, 2023
Emily Fu
By: Emily Fu

Framingham MF Property Lands $5M in Financing 

Marcus & Millichap Capital Corporation (MMCC) has arranged $5.02 million in acquisition financing for The Grant Street Complex, a multifamily property in Framingham, Massachusetts.  

Located at 115-133 Grant Street in Framingham, Massachusetts., the complex consists of 26 one-, two-, and three-bedroom units and is located between Worcester and Boston. 

Robert Bhat at MMCC’s Miami office, secured the financing. “The property provides a value-add opportunity by increasing rents to current market levels. Given the experience of the sponsor and strong market occupancy, we were able to secure a five-year Freddie Mac SBL loan at 78% LTV with the first 12 months of interest-only payments,” said Bhat. 

Read More News Stories About: Marcus & Millichap
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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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