Marcus & Millichap Arranges $16.5 Million Construction Financing For Development Site In Green Bay

The asset involved in the context is a development site located at 670 Mike McCarthy Way, Green Bay, WI. The loan amount arranged for this property is $16,500,000 and it is designated for construction purposes. The project, named Common Place Phase II, will feature 91 multifamily units along with ground-floor retail space, positioning it near the well-known Lambeau Stadium.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,500,000
• Loan Type: Construction
• Broker: Robert Bhat - Marcus & Millichap
• Market: Green Bay, WI

Marcus & Millichap Capital Corp. played a pivotal role in arranging the construction financing for the project, supporting the development of both residential and retail spaces in a strategic location close to a major landmark.