July 23, 2020
Marcus & Millichap Capital Corp. has secured a $4 million loan to refinance a 13-property multifamily portfolio in New Haven. The 13 buildings consist of 45 apartment units.
Robert Noeldechen of Marcus & Millichap’s New Haven office secured the financing on behalf of the owner, a private investor. The lender was CoreVest.
“With occupancy and collections over 100%, and colleges within the area preparing to open up for the fall semester, the owner is well-positioned to see continued upside in his commercial real estate investments,” said Noeldechen.
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