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Associated Bank Provides $8.8M Construction Loan To Cirrus Property Group For The Carillon At Grafton
FINANCED
$8,800,000
National
See Similar DealsDevelopment Site
Financed 06/15/2026
FINANCED
Associated Bank Provides $8.8M Construction Loan To Cirrus Property Group For The Carillon At Grafton
Development Site
Financed 06/15/2026
Summary
Asset Type:Development Site
Transaction Type:Loan
The Carillon at Grafton is a development site located in Grafton, WI, encompassing a 5.2-acre plot intended for a 34-unit build-to-rent community. The project is financed through a construction loan of $8,800,000 to support the development efforts of Cirrus Property Group.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,800,000
- Lender: Associated Bank
- Landlord: Cirrus Property Group
- Loan Originator: Danielle Maletzke - Associated Bank
- Market: Grafton, WI
- Distance to downtown Milwaukee: Approximately 22 miles
This transaction involved key representatives from Associated Bank, with Danielle Maletzke serving as the loan originator for the construction loan provided to Cirrus Property Group, facilitating the establishment of The Carillon at Grafton.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,800,000.00
Monthly NOI$58,666.67
Monthly Debt Service$55,621.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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