Chicago’s Associated Bank recently closed more than $67 million worth of commercial residential real estate loans to area developers and projects in the Chicago area and in Arizona.
Included in this was $8.5 million for the refinance of condo and park home inventory at Aqua at Lakeshore East, a mixed-use building in Chicago. Associated also closed a $13 million loan for the acquisition and renovation of Regal Apartments in Chicago’s Printers Row neighborhood.
“Associated Bank is pleased to be able to support what clearly is becoming a significant economic turn-around in residential, commercial and industrial development in the greater Chicago area, as well as providing creative financing solutions for developers here with projects in other states,” said Greg Warsek, senior vice president and senior regional manager for the Chicago market at Associated Bank, in a written statement.
