Marcus & Millichap Capital Corp Secures $18M Loan For 88-Unit Mixed-Use Property In Green Bay
686 Mike Mccarthy Way
$18,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 10, 2025
AI
The Common Place is an 88-unit mixed-use property located at 686 Mike Mccarthy Way in Green Bay, NC. The property was financed through a CMBS loan amounting to $18,000,000, secured on October 10, 2025. The loan features a five-year term with a 6.45% interest rate and a 70% loan-to-value ratio, along with full-term interest-only payments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Units: 88
- Address: 686 Mike Mccarthy Way
- Market: Green Bay, NC
- Loan secured by: Marcus & Millichap Capital Corp.
- Broker: Robert Bhat - Marcus & Millichap
This transaction showcases the involvement of Marcus & Millichap Capital Corp. in securing financing from a national bank, specifically for a mixed-use asset near Lambeau Field in Ashwaubenon, WI. The deal highlights Robert Bhat, the broker representing the transaction, facilitating the connection between the borrower and lender for this significant loan agreement.
Players
Green Bay Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93