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686 Mike Mccarthy Way

Updated Oct 14, 2025

Marcus & Millichap Capital Corp Secures $18M Loan For 88-Unit Mixed-Use Property In Green Bay
FINANCEDMixed-use

Marcus & Millichap Capital Corp Secures $18M Loan For 88-Unit Mixed-Use Property In Green Bay

686 Mike Mccarthy Way

$18,000,000

Units

88

Asset Type

Mixed-use

Closing

Oct 10, 2025

About this deal

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.

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$18,000,000

Mixed-use

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Players

Robert Bhat

Marcus & Millichap

Broker

$770.4M

vol

55 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Green Bay Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $204.5K per unit across 88 units on a published $18M (2025).

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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

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