Community Loan Funded for Anchor & Ale

Anchor & Ale

$650k Secured for the Purchase of Real Estate

CSAL Developers, LLC has acquired the Tichigan Lakes Hilltop Pub and Eatery in the City of Waterford and will reestablish the longtime restaurant as Anchor & Ale. Led by Chad Schmidt and Andrew Luebke, the project introduces a new operating entity that will lease the property and restore the nearly 70-year-old establishment to its roots as a family-friendly, supper club-style destination. The revitalized restaurant will feature a full dinner menu, cocktails, and a welcoming atmosphere designed to reconnect with the community and rebuild its customer base. The project was supported through a partnership between RCEDC and Community State Bank, utilizing a Community Loan to advance the turnaround and long-term success of the property.

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GRACE KIECKBUSCH
Vice President & Loan Officer
Grace Kieckbusch is a Vice President & Loan Officer with a degree in Finance from the University of Wisconsin - Parkside. Grace@rcedc.org> 920-384-0385>
DANIEL TOLL
Vice President & Credit Officer
Daniel Toll is a Vice President and Credit Officer with 33 years of commercial lending and direct SBA review experience. Daniel@rcedc.org> 440-206-6046>

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