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Boston & New England  + Metro Boston  + Finance  | 

MMCC Arranges Financing on Three Boston-Area Multifamily Properties

Marcus & Millichap Capital Corporation (MMCC) has arranged $18,650,000 in financing for three multifamily properties located in Worcester, Framingham and Waltham, MA. Robert Damigella, managing director in MMCC’s Boston office, secured the financing on behalf of three private clients.

The first loan, for Heywood Apartments in Worcester, features a fully amortizing 30-year term loan with a 6.5% interest rate and 70% loan-to-value. Heywood Apartments consists of 31 two-bedroom units.

Eames Apartments, located in Framingham, features a fully amortizing 30-year term loan with a 6.5% interest rate. Eames Apartments consists of 36 two-bedroom units.

Summer Street Apartments in Waltham, features a 10-year term loan with a 6.5% interest rate and a 30-year amortization period, and a 65% loan-to-value. Summer Street Apartments features a mix of 29 studio to two-bedroom units.

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

MMCC's Damigella

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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