Updated May 12, 2025
Freddie Mac Provides $40.2M Refinance Loan For 99-Unit Apartment In Brookfield, WI
15905 West Wisconsin Avenue, Elm Grove, Wisconsin 53122, United States
$40,200,000
Units
99
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The asset involved in this transaction is an apartment complex located at 15905 Wisconsin Ave, 21805 Foxhaven Run # 1, situated in Brookfield, WI, within the Waukesha market. The property consists of 99 units and is part of a refinancing arrangement for a loan amount of $40,200,000.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $40,200,000
- Loan Type: Refinance
- Lender: Freddie Mac
- Brokers: Brett Hood - Northmarq
This transaction includes representation by Brett Hood from Northmarq, who acted on behalf of the broker in this refinancing deal. Michael DeVito is also associated with the transaction, although his specific role is not detailed in the context provided.
On the Map
$40,200,000
MultiFamily
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Players
Elm Grove MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93