The Reserve at Wauwatosa Village is a 231-unit luxury residence located in the Wauwatosa suburb of Greater Milwaukee, Wisconsin. Setting a new standard for the premier apartment community, The Reserve at Wauwatosa Village is one of the most desired, close-in suburban locations in the Milwaukee metropolitan area.

The principal owner was considering selling the property to cash out an equity partner. Primary Capital Advisors, one of Freddie Mac’s 33 Program Plus Seller/Servicers, was brought in to seek a solution to this problem. The team was able to propose a new Freddie Mac loan program with an expanded allowance of mezzanine financing. A new Freddie Mac 80% mortgage was put on the property with a 10% fixed rate slice, interest-only mezzanine structure from RAIT. This allowed this Atlanta-based client, with several other properties in that general region, to retain ownership of this well-performing asset.

With its extensive knowledge and solid investor partnerships, Primary Capital Advisors was able to acknowledge each of the partner’s needs, permitting an equity partner to be bought out of the transaction and allowing the primary borrower to continue to own the property.

For more specific details on this transaction, contact:
Faron Thompson at 404.240.9171 or email fthompson@primarycapital.com
2060 Mt. Paran Road, NW, Suite 101, Atlanta, Georgia 30327