Marcus & Millichap Arranges Refinancing of 59-Unit Multifamily Property in Norwich, CT

NORWICH, CT – Marcus & Millichap Capital Corporation arranged a $4,005,000 refinancing loan for a multifamily property in Norwich, CT.

The property, located at 206 Washington St. in Norwich, is a 59-unit brick building. Robert Damigella of MMCC arranged the 10-year loan, which features a fixed interest rate of 3.99% for 7 years and a 30-year amortization schedule.

Robert Damigella comments, “We are delighted to represent the owner in financing this property. Multiple offers for financing were sourced from various lenders, providing the borrower with a robust sampling of the market and current offers for financing to select from.”