Equal Housing Opportunity.īased on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. © 2023 Associated Banc-Corp All Rights Reserved.No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Commercial banking clients can call our dedicated business customer care line at 80. Want to speak to a live representative? Call us at 80 during our regular customer care hours. You can also bank with us 24/7 through digital and automated telephone banking and ATMs. or any bank or affiliate, are NOT insured by the FDIC or any agency of the United States, and involve INVESTMENT RISK, including POSSIBLE LOSS OF VALUE.Īssociated Bank has hundreds of locations throughout Illinois, Minnesota and Wisconsin. Non-deposit investment products, insurance, and securities are NOT deposits or obligations of, insured or guaranteed by Associated Bank, N.A. Consult with your tax and/or legal advisor for information specific to your situation. Associated Banc-Corp and its affiliates do not give tax or legal advice. Related Storiesĭeposit and loan products are offered by Associated Bank, N.A., Member FDIC, Equal Opportunity Lender and Equal Housing Lender. Associated’s Commercial Real Estate division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio and Wisconsin. Headquartered in Chicago, Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. A $1 million loan from the City of Madison, and permanent financing commitment from the Wisconsin Housing and Economic Development Authority (WHEDA), also played an important role in making this project possible.” “Associated Bank provided the majority of the funding with tax credit equity through a Boston Capital syndicated fund. “Everyone involved was focused on the goal of supporting the community with affordable, high quality units on Madison’s southwest side,” said Sosnowski. Movin’ Out is a Madison-based non-profit that provides a range of housing solutions for Wisconsin adults with disabilities and for families that include children with disabilities.Īccording to Steve Sosnowski, senior vice president with Associated Bank’s commercial real estate division who coordinated the loan, the transaction came together through a unique collaboration. Founded in 1987, the Oakbrook Corporation offers a wide range of real estate services such as the management and development of new and redeveloped office, retail, residential and mixed-use properties in Wisconsin, Minnesota, Illinois and Colorado totaling over 8,300 apartments and 2.5 million square feet of commercial space. The project was co-developed by Oakbrook Corporation and Movin’ Out, Inc. Knothe & Bruce were the design architects. The general contractor is McGann Construction of Madison. The project, which is scheduled for completion next summer, will also include 80 underground parking stalls. Situated on 3.2 acres on the southwest side of Madison, Maple Grove Commons will include 80 one, two and three bedroom apartments, 68 of which will be rented to tenants at or below 60 percent of the median income for Dane County. – Ap– Associated Bank recently announced the completion of a $6,700,000 Affordable Housing Construction and LIHTC bridge loan for Maple Grove Housing, LLC, for the construction of Maple Grove Commons at 3204-3228 Golden Copper Lane in Madison, Wis.
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