Bank OZK And Pearlmark Provide $133.33M Loan For Multifamily Development In Milwaukee

The property asset involved in this transaction is a multifamily building located at 1005 North Edison Street in Milwaukee, WI. It consists of 378 units and has a total square footage of 308,913. The loan amount secured for this construction project is $133,325,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $133,325,000
• Market: Milwaukee, WI
• Lender: Bank OZK & Pearlmark
• Landlord: Neutral
• Broker Representation: Mike Brady, Tara Hagerty & Merrick Evans - JLL

The key individuals involved in this deal include brokers Mike Brady, Tara Hagerty, and Merrick Evans, who represent JLL. They facilitated the loan agreement between the lender and the landlord, ensuring the construction financing for the multifamily asset was securely established.