Associated Bank recently completed a $32.75 million loan to Toonen, Inc. for the construction of a multi-family apartment complex at 2101-2431 McCarthy Road in Grand Chute, Wisconsin.
The Strata Apartments will consist of 25 buildings with a total of 236 units, including 18, ten-unit buildings with attached garages and seven eight-unit buildings with detached garages. Construction is underway and expected to be completed in February of 2028. The 30.32-acre parcel is just north of a busy and growing retail area.
Tim Jorgensen, a senior vice president with Associated Bank’s Commercial Real Estate division in Green Bay, managed the loan arrangements and closing. Founded in 1983, Toonen Properties has delivered 3,500 units across the Green Bay and Fox Valley areas.
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The post Associated Bank Finalizes $33M Loan for Wisconsin Multifamily Project appeared first on Connect CRE.
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