Marcus & Millichap Capital Corporation has arranged $10.37 million for the refinancing of Urbane115 Apartments, a 46-unit multifamily property located at 115 East Washington Street in Appleton, Wisconsin.

Robert Bhat, senior managing director in MMCC’s Miami office, secured agency financing on behalf of a private client.“This newly built, mixed-use property is well located downtown adjacent to Fox Commons, a 180,000-square-foot commercial center focused on medical and health-related tenants,” said Bhat. “We were able to secure a 5-year, non-recourse loan at 65% loan-to-value with an interest rate of 6.10%, featuring an interest-only period.”

The property features a mix of studio and one- to two-bedroom units and features amenities such as in-unit laundry and bike storage. The apartments feature private balconies, quartz countertops, stainless steel appliances, and in-unit washers and dryers. The Urbane115 Apartments are situated in downtown Appleton, near arts and entertainment venues, dining options, and retail stores.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!