**MMCC Secures $18.65M in Financing for Three Boston-Area Multifamily Properties**
Marcus & Millichap Capital Corporation (MMCC) has arranged a total of $18,650,000 in financing for three multifamily assets located across Worcester, Framingham, and Waltham, Massachusetts. The financing was arranged by Robert Damigella, Managing Director in MMCC’s Boston office, on behalf of three separate private clients.
The individual transactions include:
– **Heywood Apartments in Worcester**: This property, comprising 31 two-bedroom units, received a 30-year fully amortizing loan with an interest rate of 6.5% and a 70% loan-to-value ratio.
– **Eames Apartments in Framingham**: Featuring 36 two-bedroom units, this property also secured a 30-year fully amortizing loan at a 6.5% interest rate.
– **Summer Street Apartments in Waltham**: This property includes 29 units ranging from studios to two-bedroom apartments. It received a 10-year loan with a 30-year amortization schedule, a 6.5% interest rate, and a 65% loan-to-value ratio.
These transactions highlight MMCC’s continued role in securing competitive financing solutions for multifamily assets throughout the Greater Boston area.
