CHICAGO – February 16, 2016 – Acting as lead arranger & administrative agent, Associated Bank announced the completion of a $45,838,900 construction loan to 2293 NMA LLC / Henry Street Partners for a multi-family property at 2293 North Milwaukee Avenue, southeast of the corner of Milwaukee and California Streets, in Chicago’s Logan Square neighborhood. The Transit-Oriented Development will consist of two buildings that will be 11 and 12 stories respectively, and in total contain 217 apartment units. The buildings will include 8,373 sf of ground floor retail.
The development partnership includes Robert Buono and Paul Utigard, according to Krista Casper, senior vice president with the Commercial Real Estate division of Associated Bank, who managed the loan.
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.