Walker & Dunlop recently closed an $11.85 million loan for Summit Center Marketplace, a mixed-use property with retail, office and medical spaces in Oconomowoc, Wisconsin.
Tim Cotter and Jeff Schmidt led the origination team, which arranged the 10-year, fixed-rate loan with a 30-year amortization schedule. The loan was structured as a commercial mortgage-backed security with Principal Commercial Capital.
Summit Center Marketplace sits on 11 acres and consists of 72,858 square feet and five free-standing buildings built from 2004 through 2006. The property is completely occupied.
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