Updated Jul 31, 2026
Marcus & Millichap Arranges $16.5 Million Construction Financing For Development Site In Green Bay
670 Mike Mccarthy Way
$16,500,000
Units
91
Asset Type
Development Site
Closing
Jul 30, 2026
About this deal
AI
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.
On the Map
$16,500,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93