Marcus & Millichap Capital Corporation Arranges $16M for Green Bay MF Construction
Marcus & Millichap Capital Corporation (MMCC) arranged $16.54 million in financing for the construction of Common Place Phase II, a 91-unit mixed-use multifamily property with a first-floor retail unit located within walking distance to Lambeau Stadium at 670 Mike McCarthy Way in Green Bay, Wisconsin.
Robert Bhat, senior managing director in MMCC’s Miami office, secured the financing at 80% loan-to-cost with a local bank on behalf of the client. The loan features a five-year term, with a 6.25% interest rate and no prepayment penalty.
The residential unit mix includes studios, one-bedroom, and two-bedroom units designed to complement the adjacent Phase I development and capture continued rental demand in the submarket. The Common Place is a five-story mixed-use building on a former industrial site in the Village of Ashwaubenon’s Sports & Entertainment District. Construction commenced in June on the development.
The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
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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