Northmarq’s Denver Debt + Equity team led by David Link successfully arranged the $38 million refinance of Jefferson Block, a 217-unit midrise apartment community located at 153 N. Jackson St. in Milwaukee, Wisconsin.
Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s in-house Fannie Mae DUS platform.
Built in 2003, Jefferson Block is a three-building community located in Milwaukee’s Historic Third Ward neighborhood. It offers residents nearby access to some of the city’s best dining, entertainment, arts and shopping hot spots.
Jefferson Block features one- and two-bedroom layouts that include a kitchen breakfast bar, in-unit washer and dryer, private balconies, patios and terraces, and solid maple cabinetry.
Community amenities include a secure entry, coffee bar, community kitchen and community room, fitness center, guest suite reservations, heated indoor parking and courtyard parking, high-speed fiber internet, over 55 unique floorplans and a pet-friendly environment.
The community has close proximity to Interstates 794 and 43, is just blocks from both the Milwaukee River and Lake Michigan, and is a short walk to both the Lakeshore State Park, American Family Insurance Amphitheater, and other desired downtown Milwaukee destinations.
