Associated Bank recently completed a $1,360,000 loan for 312 Properties for the acquisition of a three-story, thirteen-unit residential building at 6700 S. Clyde Avenue in the South Shore neighborhood of Chicago.
The property was previously subdivided as condominiums but operating as an apartment building. At closing, the buyer acquired all the units from the seller and converted the building to a multifamily designation. Senior vice president Elizabeth Hozian of the commercial real estate division of Associated Bank managed the loan and closing.
