Chicago’s Associated Bank recently closed more than $55 million in commercial and residential real estate loans to area developers in the greater Chicago area; Springfield, Ill.; St. Louis; and Bonita Springs, Fla.
Nine loans accounted for the $55 million.
The loans included a $7.03 million construction loan for a 123,000-square-foot warehouse in Elk Grove Village, Ill.; $6.85 million to Diversey III for the refinance of a 92-studio-unit multi-family building in Chicago’s Lincoln Park neighborhood; and $7.5 million for renovation of Laclede Lofts, a multi-family historic building in St. Louis.
