CHICAGO – September 30, 2015 – Associated Bank has announced the completion of a $7,750,000 loan to Rockwell Partners / Chicago 925 Investment Partners LLC for the acquisition and renovation of a loft-office building located at 925 W. Chicago (2 blocks east of the intersection of Milwaukee and Ogden) into 38 apartments. Rockwell plans to expand the building by two floors and renovate the street-level commercial space.
Rockwell Partners is a full service real estate investment and development company located in Chicago and specializing in multi-family, retail and office properties. Vice President Michael McGovern of the Commercial Real Estate division of Associated Bank managed the September 9, 2015 loan closing.
Headquartered in Chicago, Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. Associated’s Commercial Real Estate division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio and Wisconsin.