Associated Bank's $14.3M Construction Loan For Bay City Lofts Development Site

The development site located at 2510 University Ave in Green Bay, WI, has secured $14.3 million in construction financing from Associated Bank. The project, known as Bay City Lofts, is a future affordable housing development consisting of 48 units, with 40 units designated as affordable housing. The construction is expected to be completed by late 2024.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,300,000
• Lender: Associated Bank - Bryan Schreiter
• Landlord: Gorman & Co. LLC & Lutheran Social Services
• Market: Green Bay, WI
• Note: The project will consist of 48 units, with 40 designated as affordable housing.

Associated Bank, represented by Bryan Schreiter, provided the $14.3 million construction loan for Bay City Lofts, collaborating with landlords Gorman & Co. LLC and Lutheran Social Services to support the development of the affordable housing project in Green Bay.