Press Releases
Marcus & Millichap Capital Corporation Arranges $34 Million Financing for Wisconsin Multifamily Property
November 10, 2026
STEVENS POINT, Wis., Nov. 10, 2026 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $34 million in financing for North Side Yard, a newly developed 213-unit multifamily property with ground-floor commercial space located at 1020-1060 Centerpoint Drive in Stevens Point, Wisconsin.
Robert Bhat, senior managing director in MMCC’s Miami office, secured the five-year, non-recourse loan at 75% loan-to-value with a national bank on behalf of a private client. Additional terms include five years of interest-only payments and a 6.8% interest rate.
“This development offers institutional-quality housing in an established Central Wisconsin market with multiple sources of rental demand,’ said Bhat. “The property benefits from a stable and diversified regional economy supported by major employers. Our focus was on structuring financing that balances long-term certainty with near-term flexibility. This solution gives our client a foundation for the property’s next chapter.”
Located in Downtown Stevens Point near the Wisconsin River, North Side Yard is a three-building complex featuring luxury apartments above ground-floor retail and office suites. The property offers studio, one-bedroom and two-bedroom apartments with in-unit laundry and community amenities including a gym, parking, and bike storage.
Robert Bhat, senior managing director in MMCC’s Miami office, secured the five-year, non-recourse loan at 75% loan-to-value with a national bank on behalf of a private client. Additional terms include five years of interest-only payments and a 6.8% interest rate.
“This development offers institutional-quality housing in an established Central Wisconsin market with multiple sources of rental demand,’ said Bhat. “The property benefits from a stable and diversified regional economy supported by major employers. Our focus was on structuring financing that balances long-term certainty with near-term flexibility. This solution gives our client a foundation for the property’s next chapter.”
Located in Downtown Stevens Point near the Wisconsin River, North Side Yard is a three-building complex featuring luxury apartments above ground-floor retail and office suites. The property offers studio, one-bedroom and two-bedroom apartments with in-unit laundry and community amenities including a gym, parking, and bike storage.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
