Associated Bank provides $32.7M loan for new Wisconsin apartment complex

The loan will fund construction of a multi-family project in Grand Chute.

Apr. 9, 2026 at 9:55pm

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A minimalist studio still life photograph featuring architectural blueprints, a metal ruler, and a polished apartment-shaped key fob, conceptually representing real estate development and community growth.Associated Bank's $32.7 million construction loan will help finance a new multi-family apartment complex in Grand Chute, Wisconsin.Green Bay Today

Associated Bank has announced a $32.75 million construction loan to Toonen, Inc. for a new multi-family apartment complex in Grand Chute, Wisconsin. The 30.32-acre development will be located at 2101-2431 McCarthy Road.

Why it matters

The loan demonstrates Associated Bank's continued investment in Wisconsin's growing real estate market, particularly in the multi-family sector which has seen increased demand in recent years. The new apartment complex will provide additional housing options for the Grand Chute community.

The details

The $32.75 million loan from Associated Bank will fund the construction of the new multi-family apartment complex in Grand Chute, Wisconsin. The 30.32-acre development site is located at 2101-2431 McCarthy Road.

  • The loan was announced on April 9, 2026.

The players

Associated Bank

A regional bank headquartered in Green Bay, Wisconsin that provides commercial and consumer banking services throughout the Midwest.

Toonen, Inc.

A Wisconsin-based real estate development company that specializes in multi-family and commercial projects.

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The takeaway

This loan demonstrates Associated Bank's continued commitment to supporting real estate development in Wisconsin, particularly in the growing multi-family housing market, which will provide more living options for the Grand Chute community.