Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Retail  | 

MMCC Arranges Financing for Wisconsin Retail Property

Marcus & Millichap Capital Corporation (MMCC) has arranged $8.025 million in financing for a 94,207-square-foot retail property located at 5301 South 108th Street in Hales Corners, Wisconsin.

Michael Hughes, managing director in MMCC’s Milwaukee office, secured the financing on behalf of a private client. “The Hales Corners Plaza is a 100% leased fitness-anchored retail center located in a strong trade area,” said Hughes. “The borrower selected a credit union from a number of qualified options, providing a competitive rate, higher leverage and extended amortization.”

The loan features a 5-year term at 75% loan-to-value, a 6% interest rate and a 30-year amortization period. The property is located in a highly trafficked area with major tenants including Great Clips, a nail salon, an AT&T Store and a physical therapy clinic.

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

MMCC

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action