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Marcus & Millichap has arranged $5 million in financing for a portfolio of 12 multifamily properties in New Haven and Hamden, CT.

Marcus & Millichap Arranges $5M Financing for 12-Multifam Portfolio in New Haven, Hamden

Marcus & Millichap Capital Corporation has arranged $5.4 million in financing for a portfolio that includes 12 multifamily properties located throughout New Haven and Hamden, CT as well as a 7-Eleven in Houston, TX and an Advanced Auto Parts in Andrews, SC.

The financing was arranged by Robert Noeldechen in MMCC’s New Haven office.

Terms of the multifamily portfolio financing include a five-year term with 30-year amortization, 60% LTV and a fixed interest rate of 4.2%.

The acquisition financing for the 7-Eleven had a term of 5-years, 66%LTV and an interest rate of 3.1 percent. The tenant executed a 15-year triple-net ground lease in 2021.

The acquisition financing for the Advanced Auto Parts has a 10-year term, 65% LTV with a fixed interest rate of 3.65%.


Inside The Story

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.

  • ◦Financing