Tim Jorgensen Of Associated Bank Provides $12.8M Construction Loan For Development Site In De Pere

The asset involved in this transaction is a development site located at 550 William Street in De Pere, WI. It is set to become a five-story mixed-use project that will include 60 apartments and 7,900 square feet of commercial space. The project is under a construction loan of $12,800,000 issued by Associated Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,800,000
• Address: 550 William Street
• Market: De Pere, WI
• Lender: Tim Jorgensen - Associated Bank
• Loan Type: Construction
• Completion Expected: July 2026
• Previous Site Usage: Vacated by Shopko six years ago
• Future Developments: Part of a multi-phase plan including a hotel and parking structure

The key individuals involved in this transaction include Tim Jorgensen, who represents Associated Bank as the lender facilitating the construction loan. This project marks a significant investment in the De Pere market, aiming to revitalize the area with new residential and commercial options.