**MMCC Arranges $18.65M Financing for Three Boston-Area Multifamily Properties**
Marcus & Millichap Capital Corporation (MMCC) has secured $18,650,000 in financing for three multifamily residential properties located in Worcester, Framingham, and Waltham, Massachusetts. The financing was arranged by Robert Damigella, Managing Director in MMCC’s Boston office, on behalf of three private clients.
The financing package includes:
– **Heywood Apartments, Worcester**: This property received a fully amortizing 30-year term loan with a 6.5% interest rate and a 70% loan-to-value (LTV) ratio. The complex comprises 31 two-bedroom units.
– **Eames Apartments, Framingham**: Also benefiting from a fully amortizing 30-year term loan at a 6.5% interest rate, Eames Apartments includes 36 two-bedroom units.
– **Summer Street Apartments, Waltham**: This property received a 10-year term loan with a 6.5% interest rate, a 30-year amortization period, and a 65% LTV ratio. The asset features a unit mix of 29 studio to two-bedroom layouts.
These transactions highlight MMCC’s continued commitment to securing competitive long-term financing for multifamily assets in the Greater Boston area.
