PROVIDENCE, RI – Marcus & Millichap Capital Corporation arranged a $1,350,000 refinancing loan for a 9-unit multifamily property in Providence, RI.
The property is located at 217 Angell St in the College Hill neighborhood. Robert Damigella of MMCC arranged the 14-year loan, which features a fixed interest rate of 3.6% for 7 years and a 30-year amortization schedule.
Damigella commented: “Located on College Hill directly adjacent to Brown University, this beautiful antique was financed at very attractive rates. With our deep bench of lenders, multiple financing offers were provided despite Brown University suspending in-person classes due to the pandemic. The owner was pleased to obtain attractive financing terms during these uncertain times.”