Marcus & Millichap Capital Corporation (MMCC) arranged $89.6 million in financing for the construction of Bennett Apartments and Harlow Apartments. These are two adjacent multifamily projects located in Chanhassen, Minnesota.
The Bennett Apartments plan to feature 184 units and 11,853 square feet of retail space, while the Harlow Apartments plan to offer 126 units and 3,029 square feet of retail space. The projects are expected to be completed in 2026 and will provide luxury finishes and amenities.
The financing package, including $77.5 million in senior proceeds and $12.1 million in mezzanine financing, generated high interest from national lenders. This reflects strong local sponsorship and robust economic growth and rental demand in the Midwest.
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