MMCC Arranges $18M in Financing for Wisconsin MF
Marcus & Millichap Capital Corporation (MMCC) arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, Wisconsin.
Robert Bhat, senior managing director in MMCC’s Miami office, secured a 5-year, non-recourse CMBS loan at 70% loan-to-value with a national bank. Additional loan terms include a 6.45% interest rate and full-term interest only.
“We are pleased to have secured attractive financing for The Common Place, a high-quality multifamily asset located in one of Ashwaubenon’s most vibrant districts,” said Bhat. “The combination of modern amenities, a walkable location to Lambeau Field, and strong sponsorship positioned this property for a successful execution in today’s market.”
Odyssey Climbing & Fitness occupies the first floor of the property. The pet-friendly units range from studios to two-bedrooms and offer in-unit laundry. Additional amenities include a courtyard and bike storage.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout