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MMCC Arranges $3.48M Refi on Bridgeport Apt. Portfolio
Marcus & Millichap Capital Corp. has arranged a total of $3.48 million in refinancing for three multifamily properties totaling 62 units in the Fairfield County community of Bridgeport, CT. Robert Noeldechen of Marcus & Millichap’s New Haven office, led the refinance on behalf of an undisclosed owner.
The properties include: Park Avenue Apartments (pictured), 858-860 and 866-872 Park Ave.; Marble Edge Apartments, 2646 Fairfield Ave.; and Main & Federal Apartments, 2445 Main St.
An announcement from Northeast Private Client Group identified the owner as Blue Garden Apartments LLC, which acquired the Bridgeport portfolio in October for $4.3 million.
“The client was pleased with our work on past transactions,” said Noeldechen. “We were able to present a very clear picture to the lender—good information led to a favorable outcome. In this case, we were able to deliver an interest rate that was over 10 basis points lower than at application.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
