Walker & Dunlop announced it originated a $15.3 million construction loan for Town Club at the Brewery, a 118-unit, market rate apartment community in Milwaukee, Wisconsin.
Listed on the National Register of Historic Sites, the development is in the heart of the former Pabst Brewery Company campus which is an emerging downtown master planned neighborhood called the “Brewery.”
The project is the redevelopment of the malt elevator and malt house into 118 loft style apartments which will highlight the historic features of the building. The “Brewery” has been recognized as having completed pre-review approval at the Platinum level by the United States Green Building Council.
Justin Nelson, vice president, led the Walker & Dunlop team. The loan was structured as a non-recourse construction to mini-perm loan.