FINANCED
NorthMarq Provides $16.03M Loan For Deer Creek Run Multifamily In New Berlin, WI
1593 South Moorland Road
MultiFamily
Financed 234 days ago
Summary
Loan
WISCONSIN
MultiFamily
NorthMarq has provided $16.03 million in Fannie Mae financing for Deer Creek Run, a multi-family property located at 1593 South Moorland Road in New Berlin, Wisconsin. The property consists of 112 units and is owned by an affiliate of Wimmer Communities, represented by Mark J. Wimmer.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,030,000
- Address: 1593 South Moorland Road, New Berlin, WI
- Units: 112
- Lender: NorthMarq
- Landlord: Affiliate of Wimmer Communities - Mark J. Wimmer
- Loan Terms: 10-year loan
The financing provided by NorthMarq will support the development and maintenance of Deer Creek Run, contributing to the rental housing market in New Berlin, Wisconsin. This transaction highlights the partnership between NorthMarq and Wimmer Communities, showcasing their commitment to investing in multi-family properties.
Details
FINANCED
IMAGE: Mark J. Wimmer
DATE: 09/26/2023
ADDRESS: 1593 South Moorland Road
MARKET: New Berlin, WI
ASSET TYPE: MultiFamily ~ UNITS: 112
LENDER: NorthMarq
LANDLORD: Affiliate of Wimmer Communities - Mark J. Wimmer
LOAN AMOUNT: $16,030,000
LOAN TERMS: 10-year loan
NOTE: Northmarq has provided $16.03 million in Fannie Mae financing for Deer Creek Run, a 112-unit apartment property in New Berlin, Wisconsin.View on map
Loading...
Address1593 South Moorland Road
Comparables
Reset filters to show results.