Northmarq Arranges $32.2 Million Refinance For Revelry Apartments In Madison Wisconsin

The asset involved in this transaction is a multifamily property located at 7449 Weekend Way in Madison, WI, consisting of 191 units. The loan amount is $32,205,000, which is being utilized for refinancing purposes. The loan has a term of 10 years and is facilitated through the Fannie Mae DUS platform.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $32,205,000
• Address: 7449 Weekend Way
• Market: Madison, WI
• Units: 191
• Lender: Fannie Mae
• Landlord: Axial Real Estate Advisors & Saturday Properties
• Loan Type: Refinance
• Loan Terms: 10-year term

The refinancing was arranged by Northmarq for Revelry Apartments, which is a joint venture between Axial Real Estate Advisors and Saturday Properties. This arrangement highlights the collaboration between these companies in securing financing for this mid-rise multifamily property.