BWE Secures $6.25 Million in Capital to Finance Acquisition of Shopping Center in Brookfield, WI

Bellwether Enterprise Real Estate Capital LLC (BWE), a national commercial and multifamily mortgage banking company, announced today the closing of a $6,250,000 loan deal to help finance the acquisition of Shoppes of Brookfield Commons, a shopping center in Brookfield, WI, part of the Milwaukee metropolitan area.

Ryan Morris, Vice President at BWE, originated the loan from Ameritas Investment Partners on behalf of the borrower, CapRock Real Estate.

“Shoppes of Brookfield Commons is an extremely well-located retail center in Milwaukee’s premier retail submarket of Brookfield that was in need of a new, well-capitalized operator to bring new life back into the center. We are proud to partner with CapRock and Ameritas to fully optimize this retail center,” said Morris. “BWE looks forward to working with borrowers and lenders across the country to help bring more projects like this to fruition.”

Shoppes of Brookfield Commons is a two-building, 42,356 square foot retail strip center that is well-located along the primary retail corridor in a submarket that is currently more than 95% leased. At closing, however, the property was only 54% leased. The loan provides the borrower ample time and capital to attract new tenants and lease-up the property to stabilization.

The non-recourse loan has a three-year term, a fixed rate, and $1,000,000 of future funding for capital improvements and accretive leasing.

BWE provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. For more information on BWE’s services, visit us at: https://www.bwe.com/.

BWE is a national, full-service commercial and multifamily mortgage banking company. Partnering with Enterprise Community Partners, Inc., BWE has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs. BWE provides loans for a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Optigo™ seller/servicer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.