CHICAGO – April 6, 2017 – Associated Bank announces the completion of $8,041,415 in financing to Draper Kramer, Incorporated/MV Two, LLC, for the redevelopment of four buildings in the former Manhasset Village Apartment complex at 1351 McCutcheon Avenue in Richmond Heights, Mo. The project, the second phase of redevelopment at the community, will update a total of 46 apartments that will include a mix of one-, two- and three-bedroom floor plans ranging in size from 762 to 1,465 square feet.
Draper and Kramer, Incorporated, is a privately held full-service real estate firm based in Chicago. The company’s expertise spans residential and commercial acquisition and development; residential and commercial property management and leasing; debt and equity financing for commercial properties; and residential mortgage services through Draper and Kramer Mortgage Corp.
Senior Vice President Edward (Ted) Notz of the Commercial Real Estate division of Associated Bank managed the loan and 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.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $29 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com
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