Neutral Secures $133M for 381-unit Milwaukee Luxury Apartment Project; The Edison will be one of the tallest mass timber structures in the world

1/9/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan, Capital Markets: Debt-Senior Loan, Capital Markets: Mezzanine, MF: Highrise

• Additional Filters-Tags: Mass-Timber

• Company: Bank OZK (NASDAQ: OZK), Pearlmark, Jones Lang LaSalle (NYSE: JLL)

Neutral has received $133.3 million in construction financing for The Edison, an upcoming 378-unit luxury community in Milwaukee. Bank OZK provided the senior financing and Pearlmark the mezzanine financing. JLL Capital Markets arranged the deal on behalf of the borrower.

Currently, another luxury tower in Milwaukee dubbed Ascent MKE holds the title for the world’s tallest mass-timber and concrete hybrid building. Once completed, The Edison is slated to become the tallest mass timber structure in North America, with its 31 stories.