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Deals & Dealmakers

Marcus & Millichap Capital Corporation Secures $5.4 Million in Financing for Multifamily Property Portfolio and Retail Properties

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $5.37 million in financing for a portfolio that includes 12 multifamily properties located throughout New Haven and Hamden Connecticut, a 7-Eleven in Houston, TX and an Advanced Auto Parts in Andrews, South Carolina. The financing was exclusively arranged by MMCC’s Robert Noeldechen, vice president based in the New Haven office.

Terms of the multifamily portfolio financing include a 5-year term with 30-year amortization, 60-percent LTV, and a fixed interest rate of 4.25 percent.

The acquisition financing for the 7-Eleven had a term of 5-years, 66 percent 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 percent LTV with a fixed interest rate of 3.65 percent.

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