Associated Banc: bank finalizes $ 57 million loan for multi-family building in Chicago

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CHICAGO – September 30, 2021 – Associated Bank announced the completion of a loan of $ 57,184,000 to Marquette companies for the construction of a 22-story multi-family building located at 513 South Damen Avenue in Chicago. The building is located in the Illinois Medical District and a short walk from Rush University Medical Center, as well as Hyatt House.

The building will have 279 studios, one, two and three bedrooms. Common areas will include a swimming pool, fitness center, collaborative workspace, tenants lounge, rooftop terrace, dog park, dog wash, dog park and storage room. bikes. The building is expected to be completed by March 2023.

Marquette Companies is a fully integrated real estate company with over $ 2 billion in apartments and mixed-use properties in its investment portfolio. Marquette Management, Inc. is the property management arm with over 12,000 apartments currently under management.

Associated Bank was the principal arranger and administrative agent, working with Wheaton Bank and Trust. Elizabeth Hozian, senior vice president of the commercial real estate division of Associated Bank, handled loan agreements and closing.

The Commercial Real Estate division of Associated Bank is committed to providing developers / owners / operators of commercial buildings with a range of financing solutions, in addition to products and services that meet their unique needs. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.

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ABOUT ASSOCIATE BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $ 34 billion and is Wisconsin’s largest banking holding company. Headquartered in Green Bay, Wisconsin, Associated is one of the Midwest’s premier banking franchises, offering a full range of financial products and services to more than 220 banking establishments serving more than 120 communities in Wisconsin, Illinois and the United States. Minnesota, as well as commercial financial services in Indiana, Michigan. , Missouri, Ohio and Texas. Associated Bank, NA is an Equal Housing Lender, Equal Opportunity Lender, and a member of the FDIC. Further information on Associated Banc-Corp is available at www.associatedbank.com.

Disclaimer

Banc-Corp associated published this content on September 30, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 30, 2021 08:01:10 PM UTC.


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