Associated Bank Secures $145M Loan for Minnesota Office Building

Associated Bank Secures $145M Loan for Minnesota Office Building

Associated Bank has successfully secured a $145,175,000 financing package for the construction of a three-story Class A office and laboratory building in Maple Grove, Minnesota. The project is being developed by Ryan Companies and is expected to be completed in late 2025.

The loan arrangements and closing were handled by Steve Clifford, Senior Vice President of Associated Bank’s Commercial Real Estate Division. The syndicated deal involved four lenders with Associated Bank holding $50 million of the total financing package. Other participants include First National Bank of Omaha, Alerus Financial, and Johnson Bank.

Situated on a 38-acre parcel just outside Minneapolis/St. Paul area, the new build-to-suit facility will span over 400,000 square feet with approximately 320

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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