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Associated Bank announced completion of a $59.85 million financing package for Three Leaf Partners and Continental Properties for the development of Westrock Residences, a 267-unit housing development at 700 W. Capitol Drive in Hartland, Wisconsin. Associated Bank, as Administrative Agent and Co-Lead Arranger, was joined by Johnson Bank, Co-Lead Arranger, and Greenwoods State Bank to complete the construction loan syndication.

The Village of Hartland is supporting the project with a TIF that will reimburse the developer up to $15.9 million over 27 years using taxes the new development generates. The project is anticipated to produce approximately $54 million in incremental value, according to the Village. The site is a 45-acre former quarry that has been slated for redevelopment for decades.