HALL Structured Finance Originates a $41.13 Million Loan for the Construction of Dellshire Resort in Wisconsin Dells, Wisconsin

Dallas-based HALL Structured Finance (HSF) announced today that the company has closed on a first lien construction loan totaling $41.13 million to develop Dellshire Resort in Wisconsin Dells, Wisconsin. HSF partnered with Nuveen Green Capital who provided an additional $27.77 million in C-PACE financing. The sponsor is Uphoff Ventures, LLC. Adrienne Andrews and Jeffrey Bucaro of JLL brokered the deal.  

 Dellshire Resort will be a 208-room, four-story, Medieval-themed hotel and represents the initial phase of a 40+ acre master-planned resort and attraction development. Designed to offer a unique guest experience, the hotel will feature a 222-seat restaurant, six pools (three indoor and three outdoor), a swim-up pool bar, 9,500-square-foot arcade and family entertainment center, ATV rentals, and approximately 6,500 square feet of meeting and event space. A 60-foot-tall fire-breathing dragon sculpture will mark the hotel’s entrance, complemented by costumed knights and dragon-themed interactions throughout the hotel. 

 Located approximately 55 miles northwest of Madison, Wisconsin Dells is known as the “Waterpark Capital of the World,” boasting the highest concentration of indoor and outdoor waterparks globally. The local economy is heavily tourism-driven, drawing more than four million visitors annually. 

 “We’ve enjoyed working with Steve Uphoff and Uphoff Ventures on the Dellshire Resort project,” said HALL Structured Finance Vice President and loan originator, Brad Ferguson. “The hotel’s scenic location overlooking the Wisconsin River, coupled with the strong regional demand for waterpark-themed resorts, sets it apart from competitors and positions it for long-term success.” 

 Uphoff Ventures was founded in 1988 by Steve and Linda Uphoff. The company manages a diverse portfolio including family entertainment centers, convenience stores, luxury rental properties and commercial real estate across the United States. “Working with HALL Structured Finance was an excellent experience for our team, from the time of signing the LOI to closing the loan was within the timeline first communicated to us,” said Uphoff Ventures CEO, Steve Uphoff. “HALL shared our enthusiasm and emulated our passion for the Dellshire Resort project.  Through their resources, they helped create magic for many generations to experience.” 

 Nuveen Green Capital is a national leader in sustainable commercial real estate financing solutions and provided an additional $27.77 million in C-PACE financing. Sean Ribble, Senior Director of Originations, Nuveen Green Capital said, “We were proud to partner with HALL Structured Finance once again to provide C-PACE (Commercial Property Assessed Clean Energy) financing to fund this exciting new development, and a significant milestone as the largest C-PACE transaction in Wisconsin. By leveraging C-PACE’s accretive financing, Uphoff Ventures was able to reduce their overall blended cost of capital, while helping to ensure the project’s long-term profitability.”