Marcus & Millichap Capital Corporation arranged $18 million in financing for The Common Place, an 88-unit multifamily property 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.
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. Units are pet-friendly, ranging from studios to two-bedrooms and offering in-unit laundry, with additional on-site amenities including a courtyard and bike storage.
