Associated Banc : Bank finalizes $8.8M loan for boutique rental community in Grafton, Wisconsin

About this update from Associated Banc-corp

MILWAUKEE - June 4, 2026 - Associated Bank announced the completion of a $8,846,600 loan to Cirrus Property Group for construction of The Carillon at Grafton , a boutique rental community. The project is on a 5.19-acre vacant lot at the intersection of Hunters and Mountain Lanes, just west of Port Washington Road. Grafton is approximately 22 miles north of downtown Milwaukee. The new community's unique design is aimed at bridging the gap between traditional apartments and single-family homes. The project will consist of 34 units throughout 10 buildings and will include 28 two-bedroom and six three-bedroom units. All units will feature open floor plans, first-floor primary suites and a private fenced-in backyard with either a one- or two-car attached garage. Construction is underway and the first units are expected to be ready in early 2027. Cirrus Property Group, LLC , led by John Riordan and Daniel Hasbani, is a professional real estate development and investment company focused on select Midwestern markets with a commitment to transforming communities through thoughtfully crafted projects. The Carillon at Grafton is their first ground-up construction project. Danielle Maletzke, a vice president with Associated Bank's Commercial Real Estate division in Milwaukee, managed the loan arrangements and closing. 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 The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at https://www.associatedbank.com

View stock analysis, news, and events for Associated Banc-corp