Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5,005,000 in financing for a 30-unit multifamily property located at 11 Ashton Place in Methuen, Massachusetts.
Robert Bhat, senior managing director in MMCC’s Miami office, secured agency financing on
behalf of a private client.
“We are pleased to secure competitive financing for our client in today’s evolving rate
environment,” said Bhat. “The property’s strong location and recent renovations were key factors in achieving favorable terms tailored to the client’s objectives.”
The property was built in 1963 is located near MA-28 and features units ranging from studios to two bedrooms. It was recently renovated, offering stainless steel appliances, central air and communal laundry. The property has been rebranded as Arrowpoint at Ashton Place.
Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2024, MMCC closed 1,249 transactions totaling $9.1 billion.
