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Associated Banc-Corp

04/08/2021 | Press release | Distributed by Public on 04/08/2021 12:17

Associated Bank announces financing for high-end apartment development in Fort Collins, Colorado

CHICAGO - April 7, 2021 - Associated Bank announced completion of a construction loan for CA Residential LLC, an affiliate of CA Ventures, to develop a 197-unit luxury apartment building at 223 Willow Street in Fort Collins, Colorado. The project is located on a 2.04-acre site in the Cache La Poudre River District, which is less than two miles from Colorado State University.

The Class A building, named 223 Willows, will include studio, one- and two-bedroom units with high-end finishes such as stainless-steel appliances, washer-dryer, granite countertops with upscale cabinetry and private balconies. Lifestyle amenities will include a dog park, game room, outdoor firepits and TVs, a fitness facility and a club room. There will be covered and surface parking available for approximately 158 vehicles. Completion is slated for May 2022.

CA Ventures is a global, vertically integrated real estate investment management company with more than $13 billion of assets across the United States, Europe and Latin America.

Elizabeth Hozian, a senior vice president with Associated Bank's Commercial Real Estate, handled the loan arrangements and closing. A portion of the loan was syndicated.

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.

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ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $33 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 220 banking locations serving more than 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, 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 www.associatedbank.com