Marcus & Millichap Capital Corporation (MMCC), a top provider of commercial real estate financing solutions, has successfully arranged $8.7 million in construction financing for the Marshview Apartments project, a new 48-unit multifamily development located near Plank Trail Lane in Sheboygan Falls, Wisconsin.

The financing was secured by Michael Hughes, managing director in MMCC’s Milwaukee office, who worked closely with a regional lender on behalf of a local multifamily development and management company.

“The repeat borrower selected a highly competitive mini-perm construction financing package, chosen from several qualified options,” said Hughes. “The loan structure is tailored to align with the borrower’s projected construction and stabilization timelines, while offering interest rate protection throughout the term. Their continued trust in MMCC underscores our ability to deliver customized capital solutions that drive portfolio growth and optimize returns.”

The property, strategically located near the intersection of WI-23 and WI-32, is designed with a focus on modern living. Marshview Apartments will feature exclusively two-bedroom, two-bathroom layouts, offering residents amenities such as in-unit laundry, private direct entry, an attached one-car garage, and a private patio or balcony. The project is expected to be completed within 12 months of construction start.

The financing arrangement highlights MMCC’s ability to structure tailored capital packages that support long-term portfolio expansion for its clients. As demand for high-quality rental housing grows across Wisconsin, Marshview Apartments is positioned to provide a strong addition to the regional multifamily housing market.

MMCC, a subsidiary of Marcus & Millichap (NYSE: MMI), operates as one of the leading commercial real estate capital markets financing firms in North America. In 2024 alone, MMCC closed 1,249 transactions totaling $9.1 billion, demonstrating its scale and expertise in delivering debt, mezzanine financing, joint venture equity, and consultative services.

This project not only reflects MMCC’s continued commitment to supporting regional development but also showcases how innovative financing structures can help developers bring high-quality housing to communities like Sheboygan Falls.

Originally reported by Yield Pro.