BWE Secures $36.1 Million Loan For Heyday Sun Prairie Development Site In Sun Prairie, WI

The asset involved in this transaction is a development site located at 1695 Matt Waagen Wy, in Sun Prairie, WI. The financing secured for this project amounts to $36,100,000, which is designated for a 170-unit build-to-rent community. The loan is a Fannie Mae loan and will be utilized to pay off construction loans, featuring interest-only payments.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $36,100,000
• Address: 1695 Matt Waagen Wy
• Market: Sun Prairie, WI
• Asset Size: 170 units
• Loan Type: Fannie Mae loan
• Representatives: Daniel Rosenberg, Logan Petersmeyer & Tim Caffrey - Bellwether Enterprise (BWE)

This transaction highlights the role of Bellwether Enterprise, where Dan Rosenberg, Tim Caffrey, and Logan Petersmeyer were key in arranging the financing for Heyday Sun Prairie. Their expertise facilitated the securing of permanent financing to support the development of the community, demonstrating their effective collaboration on this significant project.