Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, Wisconsin, a suburb of Green Bay.
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.”
The property is located in the Village of Ashwaubenon’s Sports & Entertainment District, just blocks away from Lambeau Field & Titletown amenities. The first floor of the property is occupied by Odyssey Climbing & Fitness.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
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.
