Heyday Secures $33.6 Million Loan From Fannie Mae For 130-Unit Community In Oak Creek

The asset involved in this transaction is a 130-unit build-to-rent community located at 8760 South Apple Creek Drive in Oak Creek, WI. The transaction secured a permanent financing loan of $33,600,000 from Fannie Mae for the development.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $33,600,000
• Lender: Fannie Mae
• Landlord: Heyday
• Brokers: Dan Rosenberg, Tim Caffrey & Logan Petersmeyer - Bellwether Enterprise (BWE)
• Market: Oak Creek, WI
• Units: 130

Bellwether Enterprise arranged the $33.6 million in Fannie Mae permanent financing for Heyday Oak Creek. The loan replaced the construction financing and was finalized upon the completion of the project's lease-up, with Heyday being a Chicago-based developer behind the community.