National Management LLC Refinances Multifamily Portfolio In Wausau, WI For $20.2M

A 324-unit multifamily portfolio located at 1901-1930 North 10th Avenue, 1408-1512 Metro Drive, and 1630-1660 W Evergreen Drive in Wausau, Schofield & Appleton, WI has been refinanced through a loan provided by PGIM. The loan amount for this transaction is $20,215,000, with a 10-year fixed rate term of 3.17%. Notably, the loan features full term interest only payments.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $20,215,000
• Loan Type: Refinance
• Lender: PGIM
• Landlord: National Management LLC
• Broker: Scott Modelski - Black Bear Capital Partners

Scott Modelski, representing Black Bear Capital Partners, played a vital role in facilitating this loan transaction. National Management LLC serves as the landlord for the multifamily portfolio in question.