Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $8.7 million in financing for the construction of Marshview Apartments, a 48-unit multifamily property located near Plank Trail Lane in Sheboygan Falls, Wisconsin.
Michael Hughes, managing director in MMCC’s Milwaukee office, secured the financing with a regional lender on behalf of a local multifamily development and management firm.
“The repeat borrower selected a highly competitive mini-perm construction financing package, chosen from several qualified options,” said Hughes. “The loan structure is tailored to align with the borrower’s projected construction and stabilization timelines, while offering interest rate protection throughout the term. Their continued trust in MMCC underscores our ability to deliver customized capital solutions that drive portfolio growth and optimize returns.”
The property is located adjacent to the WI-23 and WI-32 intersection and features exclusively two-bedroom, two-bathroom units and will offer amenities including laundry, private direct entry, a one-car attached garage, and a private patio or balcony. Construction is projected to be 12 months.
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.
