city-of-sheboygan-redevelopment-authority-agenda-august-27-2025_7dd.pdf
Oostburg State Bank Linked to South Pier Financing
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Description
Oostburg State Bank agreed to provide permanent financing for the 528 and 534 South Pier Drive properties upon the Redevelopment Authority’s approval of a lease assignment to Mackximus LLC. The financing arrangement is contingent on the updated ground lease structure.
Contract Details
Vendor
OOSTBURG STATE BANK
Agency
City of Sheboygan, WI
Contract Type
FINANCIAL_SERVICES
Document Date
August 27, 2025
Contract Term
Permanent financing closing contingent on RDA consent to lease assignment (2021)
Renewal Info
Financing terms are not described; no renewal or maturity date is provided in the agenda materials.
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