Uphoff Ventures has successfully obtained $41.13 million in construction financing along with $27.77 million in Commercial Property Assessed Clean Energy (C-PACE) financing to develop Dellshire Resort, a 208-room themed hotel in Wisconsin Dells, Wisconsin. The first lien construction loan was provided by Hall Structured Finance, while Nuveen Green Capital offered the C-PACE loan, marking the largest transaction of its kind in Wisconsin to date, as stated in a release from Hall Structured Finance.
C-PACE is a long-term financing mechanism that significantly reduces the annual costs associated with energy-related maintenance upgrades or additions to new or existing buildings. This financing model provides cost-effective incentives to improve energy efficiency in buildings, making it a preferred choice for developers.
JLL’s Adrienne Andrews and Jeffrey Bucaro played a crucial role in arranging the financing for this ambitious project. Brad Ferguson, vice president and loan originator at Hall Structured Finance, highlighted the unique attributes of the project, stating, “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.”
Dellshire Resort is strategically located in Wisconsin Dells, a small city in central Wisconsin often referred to as the “Waterpark Capital of the World” due to its numerous theme parks and waterparks. The resort aims to attract the city’s consistent influx of tourists, which averages around 4 million visitors annually.
The four-story hotel will be established on a sprawling 40-acre site and will be adorned with a Medieval theme. It will feature an array of onsite amenities, including six pools, a 9,500-square-foot entertainment center, a 6,500-square-foot event space, and a 222-seat restaurant, promising a comprehensive and diverse experience for visitors.
Steve Uphoff, CEO of Uphoff Ventures, expressed his satisfaction with the collaboration, mentioning that this was the first deal his firm had made with Hall Structured Finance. He described the partnership as “an excellent experience for our team,” and added, “Through their resources, they helped create magic for many generations to experience.”
The collaboration between Uphoff Ventures, Hall Structured Finance, and Nuveen Green Capital exemplifies a forward-thinking approach to resort development, incorporating sustainable and efficient energy solutions that align with modern environmental standards. As the region continues to grow in popularity, the Dellshire Resort is well-positioned to become a key attraction in Wisconsin Dells.
Note: This article is inspired by content from https://commercialobserver.com/2025/05/hall-structured-finance-nuveen-69m-construction-c-pace-financing/. It has been rephrased for originality. Images are credited to the original source.