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Marcus & Millichap Capital Corporation (MMCC) has successfully arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, Wisconsin.
The financing was secured by Robert Bhat, Senior Managing Director at MMCC’s Miami office. The deal features a five-year, non-recourse CMBS loan at 70% loan-to-value, provided by a national bank. The loan includes favorable terms, with a 6.45% interest rate and full-term interest-only payments.
“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.”
The mixed-use property features Odyssey Climbing & Fitness on the first floor, while the residential units range from studios to two-bedroom layouts. Each unit offers in-unit laundry and is pet-friendly. Additional amenities include a landscaped courtyard and bike storage.
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